America The veteran semicondia NVDia achieved a historic achievement on Wednesday. Today, Nvidia’s market cap crossed 4 trillion dollars ($ 4000 billion) during trading in the US stock market and with this NVDia has become the first public company in the miraculous figure. In early trade on Wednesday, the prices of NVidia shares crossed $ 164 with a bumper gain of 2.5 percent. Let us tell you that in the beginning of 2023, Nvidia shares had just $ 14.
The company is focusing on Artificial Intelligence
Nvidia’s graphics processing unit (GPU), chipset and related software mastered the design and manufacture. However, in the last few years, its focus has increased considerably in sectors like Artificial Intelligence (AI) and high-performance computing. In the last few years, Nvidia has become the largest company in the American stock market due to the movement of AI over AI. This has overtaken other legendary tech companies Microsoft, Apple, Amazon and Google. Now the situation is that the price fluctuations of its shares have more impact than any other company except Apple on S&P 500 and other indexes.
The company’s market cap was less than $ 600 billion 2 years ago
Two years ago, Nvidia’s market cap was less than $ 600 billion. But the ongoing activities around the world over AI, the price of the semiconductor chip company brought to a very high level. Nvidia is one of the major companies benefiting from AI. The S&P 500 index has consecutively touched new record levels only after the shares of these companies focused on AI. The US stock market has got a new height due to the increase in profit of these companies. All this happened despite President Donald Trump’s policy uncertainty and ever increasing inflation.
Latest business news
