The company is now the fifth most valuable in the US after investing in artificial intelligence early on
Nvidia saw its valuation soar to $1tn on Tuesday, making it the fifth most valuable American company and one of the first major corporate beneficiaries of the hype around AI.
The chipmaker has been a major and in some cases dominant player in several industries for years. But no development has raised its profile – and its potential windfall – as much as the current excitement around generative AI.
About Author
More Stories
Plastics in everyday objects may disrupt sleep in same way as caffeine, study finds
Weatherwatch: How AI could offer faster, affordable weather forecasting
Giving weight loss jabs could bolster UK economy by £4.5bn a year, study says