Booming business at Nvidia sees investors bet the AI revolution will live up to its 'hype'.
Nvidia's market value has touched $2tn , a new milestone in the chipmaker's rapid ascent into the ranks of the world's most valuable companies.
The company, which became worth $1tn less than a year ago, now ranks as the world's fourth most valuable publicly traded company, behind Microsoft, Apple and Saudi Aramco. Long before the AI revolution, it started adding features to its chips that it says help machine learning, investments that have helped it gain market share.
On Thursday, the day after its earnings report, buyers snapping up shares pushed its value up by $277bn, Wall Street's largest one-day gain in history.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Uninvestable’: China’s $2tn stock rout leaves investors scarredSome global fund managers fear government efforts to stabilise the market are too little, too late
Read more »
Why the e-bike boom is raising fire fearsSales of electric bikes are booming but defective batteries and chargers can cause fires.
Read more »
Nvidia RTX 4080 Super review - more for lessOur Nvidia RTX 4080 Super review goes over the design, features, pricing, and performance of Team Green's latest high-end refresh.
Read more »
RTX HDR: Nvidia's AI video enhancement tool works for games tooRay-tracing radical, Turok technophile, Crysis cultist and motion-blur menace. When not doing Digital Foundry things, he can be found strolling through Berlin examining the city for rendering artefacts.
Read more »
Life in the 'close-knit' Greater Manchester town where house prices are booming'I've lived all over Greater Manchester and as far as a town centre goes, you will not find much better than here'
Read more »
Nvidia: Boss says AI at 'tipping point' as revenues soarThe artificial intelligence boom has helped Nvidia become one of the most valuable firms in the US.
Read more »