Nvidia achieves $1 trillion market cap for the first time as AI-fueled stock surge continues
on Tuesday stepped into an elite club of companies valued at $1 trillion or more, then ended the trading session just below that massive threshold.
Shares saw a new leg higher after the company announced new products centered around artificial intelligence over the weekend. Prospects that Nvidia will be a leader in the AI race have pushed the stock 182% higher so far in 2023. Nvidia rose as much as 7.7% to $419.38 on Tuesday, giving it a market cap of $1.036 trillion and making it the first chipmaker to touch a $1 trillion market capitalization. Shares finished the day higher by 3% at $401.11, logging a market cap of $990 billion.
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