Nvidia added $330bn to market cap in a single day, surpassing its previous record. Shares surged 13%, reflecting strong chip demand following Microsoft's AI-related spending increase.
Nvidia is now the world's third-most valuable company at $2.88 trillion, gaining 150% in a year. The company's GPUs are vital for AI development, driving its success.
Nvidia faced extreme volatility, losing $193bn in value a day before its record gain. The company's success roots in expanding beyond gaming GPUs to chips for various tech giants.
Nvidia, founded in 1993, now dominates 80% of the market for chips in data centers for AI. Its stock has soared from $12 at IPO to over $5.6 million.
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