Nvidia will become the first chip manufacturer in the US whose value exceeds $1 trillion
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American company Nvidia on Tuesday, May 30, was on track to surpass $1 trillion in market capitalization for the first time, which would make it the first US chip maker to join the trillion-dollar club. This is reported by Reuters.
Photo: nvidia.com 0
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Shares of Nvidia
The company’s shares last rose 3.8% to $404.17 in the premarket.
Meta, the value of which at the time of the last closing was estimated at approximately $670 billion, in 2021 reached the mark of market capitalization of one trillion dollars.
The list of American companies with a capitalization of $1 trillion includes:
- apple,
- Alphabet,
- Microsoft,
- Amazon.
Read also: Nvidia is already at $380: why Katie Wood is biting her elbows
The popularity of artificial intelligence provoked a shortage of chips. The demand for Nvidia’s products led to an increase in the company’s shares by approximately 167%.
Server manufacturers and their direct customers say they have to wait more than six months to get the latest Nvidia graphics chips.
Source: Ministry of Finance
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