Nvidia Corp. is within touching distance of $1 trillion market value — poised to become only the ninth firm ever to hit that milestone — as the artificial intelligence frenzy boosts demand for processors that can accelerate computing.
Shares in the Santa Clara, California-based firm soared as much as 26% after its raised sales forecast smashed expectations. The chipmaker’s market value rose by $199 billion at one point to a record $955 billion, before paring gains.
