Shares in chip company rise on back of hopes for rising demand from artificial intelligence applications
Nvidia has become the first chipmaker to reach a $1tn valuation after its shares soared further on Tuesday on the back of an anticipated boom in demand for its products to meet the needs of artificial intelligence.
Shares in the gaming and AI chip company rose 4.2% in early trading on Tuesday to pass the key milestone.
More Stories
Australia exposed to modern slave labour imports and many businesses ‘ignoring the facts’, commissioner warns
Tech titans bicker over $500bn AI investment announced by Trump
‘Rising star’: EU made more electricity from solar than coal in 2024