Nvidia tops $2 trillion market value – Times of India

Nvidia is on its way to becoming the first semiconductor firm with a $2-trillion valuation, another milestone in its ascendancy as the biggest beneficiary of a rush into AI-related stocks over the past year.
The chipmaker‘s shares rose 5% on Friday after closing at a $1.96 trillion valuation in the previous session. The gain will cement Nvidia’s position as the world’s fourth-most valuable company after rallying roughly 65% since the beginning of the year, with a market capitalisation that’s only behind those of Microsoft, Apple and Saudi Aramco.While Apple and Microsoft took over two years to go from $1 trillion to $2 trillion, Nvidia is on track to accomplish that in under a year’s time as the stock rides Wall Street’s AI frenzy.

Nvidia shares surged after it reported blowout results that reaffirmed Wall Street bets on the potential for its AI technologies.

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