Skip to content
Subscriber Only

Nvidia Valuation Soars Past Intel on Graphics Chip Boom

Jen-Hsun Huang
Jen-Hsun HuangPhotographer: Patrick T. Fallon/Bloomberg
Updated on

Nvidia Corp.’s market valuation topped Intel Corp.’s for the first time, powered by soaring demand for graphics chips in data centers and other fast-growing technology fields.

Nvidia gained 2.4% on Wednesday, giving it a market value of more than $248 billion. Shares of the graphics chipmaker are up 72% so far this year as investors bet the coronavirus pandemic has accelerated a shift to cloud-based digital services that use its technology. Intel shares have fallen 2% in 2020.