Booming business at Nvidia sees investors bet the AI revolution will live up to its 'hype'.
Nvidia's market value has touched $2tn , a new milestone in the chipmaker's rapid ascent into the ranks of the world's most valuable companies.
The company, which became worth $1tn less than a year ago, now ranks as the world's fourth most valuable publicly traded company, behind Microsoft, Apple and Saudi Aramco. Long before the AI revolution, it started adding features to its chips that it says help machine learning, investments that have helped it gain market share.
On Thursday, the day after its earnings report, buyers snapping up shares pushed its value up by $277bn, Wall Street's largest one-day gain in history.
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