Nvidia Nailed Bet on AI Trend in Surge Toward $1 Trillion
- Company becomes poster child for how to make money in AI
- It’s poised to be first chipmaker to join the $1 trillion club
Nvidia headquarters in Santa Clara, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Nvidia Corp. has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry’s big bet on the metaverse.
But arguably no trend stands to benefit the world’s most valuable chip company more than the rise of artificial intelligence. Nvidia’s 24% surge on Thursday pushed it within grasp of a $1 trillion market capitalization, a level that would rank it among the tech elite including Apple Inc., Microsoft Corp., Amazon.com Inc. and Alphabet Inc.