Nvidia makes groundbreaking achievement, surpassing the remarkable milestone of $1 trillion in valuation.
In a significant development, the shares of the gaming and AI chip company witnessed a 4.2% increase during early trading on Tuesday, resulting in a remarkable valuation of $1 trillion. This achievement positions the company among the select few with such an immense market capitalization. Presently, the closest contender in the global chipmaking industry is Taiwan Semiconductor Manufacturing Co Ltd, valued at approximately $535 billion. Meta Platforms Inc accomplished the impressive milestone of reaching a trillion-dollar market capitalization in 2021, while Apple Inc, Alphabet Inc, Microsoft Corp, and Amazon.com Inc stand as notable U.S. companies that are also part of this exclusive group.
The financial analysts on Wall Street were taken aback by Nvidia's forecast, characterizing it a...