The semiconductor company Nvidia crossed the trillion-dollar market capitalization mark Tuesday, riding an artificial intelligence-propelled boom to become the fifth company to pass the historic threshold.
The semiconductor company Nvidia crossed the trillion-dollar market capitalization mark Tuesday, riding an artificial intelligence-propelled boom to become the fifth company to pass the historic threshold.
The company joins Apple, Amazon, Alphabet and Amazon in the trillion-dollar market cap club.
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The company’s surge was sparked by the increased use of artificial intelligence products like OpenAI’s ChatGPT, which usually require Nvidia processors in order to operate.
