The American microchip manufacturer Nvidia has reached a market value of more than a trillion dollars (about 933 billion euros). The price of shares in the company from Santa Clara, California, rose by more than 4.8 percent to more than $ 408 on Tuesday. Driven by the boom in artificial intelligence, the share price had already risen by more than 25 percent in the past week.
Nvidia has now entered the highly exclusive circle of companies with a market cap of over a trillion dollars. Furthermore, only the technology group Apple, the software giant Microsoft, the online trading giant Amazon, the Google parent company Alphabet and the Saudi Arabian oil company Aramco have such a market value.
Nvidia was founded 30 years ago by American Taiwanese Jen-Hsun “Jensen” Huang. The company initially focused on graphics cards that provided computer gamers with better resolution images. The powerful microchips are now also used in the development of artificial intelligence.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
