With markets in a frenzy for artificial intelligence tech, Nvidia shares reached a new all-time high on May 30 that sent its total valuation briefly above the $1 trillion mark.
Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence tech reached a crescendo.
The milestone was hit on May 30 in the United States morning trading hours by the computer chip and graphics card manufacturer with its shares hitting a daily high of over $418Nvidia shares closed the day at just over $401 and the firm currently has a market cap of $992 million.In the United States, there are only four companies that have a valuation of more than $1 trillion: Apple, Microsoft, Amazon and Alphabet — Google's parent company.
Nvidia has seen a year-to-date gain of over 180% due to soaring demand for graphics processing units that power
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