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Nvidia has just become a $1 trillion company, with its rising valuation fueled by tech companies big and small racing to add generative artificial intelligence tools to their products. AI tools made up the vast bulk of recent Google I/O and Microsoft Build presentations, and Nvidia’s chips make it a key supplier for companies trying to build something with AI.
Its valuation pushed over the trillion-dollar benchmark as trading opened today at over $400 per share, putting it in the rarified air previously occupied by only a few large companies such as Apple and Microsoft, which each surpassed the significant mark in August 2018 and August 2019, respectively.
