, Columnist
Nvidia Envy, Powered by AI and a Frenzy of Hype
The gains are jaw-dropping and everyone’s rushing to the AI bandwagon. But pause to reflect on the early internet and first-movers who didn’t survive.
One-day gains in market cap that are nothing short of historic.
Photographer: Justin Sullivan/Getty
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It’s impossible to ignore the blistering rally that propelled Nvidia Corp. to the cusp of the trillion-dollar club Thursday. What is now the world’s biggest chipmaker by market value reported a blowout revenue forecast that caught even the most bullish Wall Street analysts by surprise. It has become the world’s fifth-largest publicly traded company.