Nvidia hits $4 trillion market value on AI optimism
Nvidia became the first public company in the world to achieve a market capitalisation of $4 trillion in early trade on Wednesday. The counter rose to its intraday high of $164.42 within the first hour of the session, driven by the strong demand for artificial intelligence technologies to reach this milestone. It cooled off later in the day, closing 1.8% higher at $162.88.
Nvidia’s increasing market value reflects Wall Street’s confidence in the rapid expansion of artificial intelligence, to which the company’s advanced chips are crucial.
