Nvidia Corporation reached a historic milestone as the first company to achieve a $4 trillion market capitalization, surpassing tech giants like Microsoft and Apple. The company has gained from the growing demand for generative artificial intelligence. Its stock rose by over 15% in the last month, reaching approximately $163 per share. Nvidia, founded in 1993, made its IPO in 1999 and hit a $1 trillion valuation in June 2023. The stock remained volatile earlier in the year due to economic concerns and international trade issues impacting its performance.
Founded in 1993, Nvidia Corporation made Wall Street history as the first company to reach a market cap of $4 trillion, outperforming Microsoft and Apple.
Nvidia has shifted from a focus on graphics processing units to being a key supplier of AI chips, essential for generative artificial intelligence applications.
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