Nvidia is now a 2 trillion-dollar company
For the first time, Nvidia, a chip maker has joined the $2 trillion asset value list. In addition to graphics processing units (GPUs), the company has also built a strong foothold in chip manufacturing. Analysts believe that demand for AI chips in particular has helped boost the company's market value. News BBC and Reuters.
The graphics chip maker has also created a new milestone to reach the list of the world's most valuable company in the fastest time.
Shares of the Silicon Valley chip maker fell earlier this week but rebounded to more than 4 percent. Earlier, Wall Street released the US chip maker's earnings report. After that, Nvidia's share price rose even more. The company's market value has risen to $6 trillion over the past year, that is more than double the previous year. In addition, the company's head, Jensen Huang, told investors this week that worldwide demand for Nvidia is increasing.
Even a year ago, the company's assets were worth less than $1 trillion. Currently, through technology development and innovation, Nvidia ranks as the fourth most valuable public limited company in the world after top technology giants Microsoft, Apple and Saudi Arabian company Aramco.
