nvidia has become the First chip company to reach $1 trillion valuation, mainly due to the interest and expectation of shareholders for Artificial Intelligence technologies. This has caused its shares to have risen in recent times in a more than remarkable way. So much so that in a single day, after announcing good forecasts for the current quarter, they rose 7.7% and raised their market capitalization of the company to 1.01 trillion dollars.
According to Bloomberg, the value of the company’s shares has risen no less than 180% this year. Meanwhile, the Philadelphia Stock Exchange Semiconductor Index is up roughly 41% in 2023 alone, hitting its highest intraday value since February 2022 last Monday.
Of all the stocks in this index, Nvidia is the one that has risen the most. This is because it is the leading manufacturer of specialized chips needed to power various AI systems and products, and AI is one of the largest areas of investment in the stock market today.
The company. Not only has it skyrocketed, it has doubled the rise of the best-performing manufacturing company after it, AMD. This has risen 93% on the stock market. Behind them are TSMC, which currently has a market value of more than 530,000 million dollars; and Broadcom, with just over 360,000 million dollars.
With this breakthrough, Nvidia joins the few companies that have ever surpassed $1 trillion in market value, becoming the fifth US company to do so, joining companies like Alphabet and Amazon. As to Apple and Microsoft, the value of their shares already exceeds two trillion of dollars.
