Connect with us

Hi, what are you looking for?

Rise In The FutureRise In The Future

Tech News

Nvidia’s role in the AI wave has made it a $2 trillion company

Nvidia’s logo.
Illustration by Alex Castro / The Verge

Nvidia has officially hit a $2 trillion market capitalization, making it the first chipmaker to cross the threshold. It’s also the third US company to reach over a $2 trillion valuation, right behind Apple ($2.83 trillion) and Microsoft ($3.06 trillion).

The California-based company has seen rapid growth over the past year due to its leadership in the AI chip market. Nvidia’s market cap reached $1 trillion only less than one year ago, and it left both Amazon and Alphabet in the rearview mirror as it became a $1.83 trillion company earlier this month.

As part of its earnings report last week, Nvidia revealed a record $60.9 billion in revenue in 2023, marking a 126 percent increase from 2022. Other companies, like OpenAI, Microsoft, and…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave and guest Julius de Kempenaer of RRG Research talk sector rotation, growth vs. value, offense vs....

Tech News

Photo by Jakub Porzycki/NurPhoto via Getty Images Intel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a...

Tech News

Screenshot: Wes Davis / The Verge There’s a little-known hack in rural America: you can get the best fried food at the gas station...

Tech News

Photo by Amelia Holowaty Krales / The Verge Linux, the most widely used open source operating system in the world, narrowly escaped a massive...