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Nvidia is ninth company to reach $1T market cap

It's an exclusive club. Nvidia's stock surge has been fueled by the AI boom.

May 30, 2023

Nvidia’s stock rose 7% in early trading Tuesday, lifting the chip giant’s market value above $1 trillion for the first time ever.

The graphics processing leader has surged this year thanks in large part to hope and hype about artificial intelligence technology.

a close up of a computer case in a dark room — Photo by 🇻🇪 Jose G. Ortega Castro 🇲🇽 on Unsplash

Nvidia is now the seventh American firm and ninth globally to have topped the trillion dollar mark at one point, joining Apple, Microsoft, Amazon, Google owner Alphabet, Facebook parent Meta Platforms, Elon Musk’s Tesla, Saudi Aramco and PetroChina.

Apple, Microsoft and Aramco are now each worth more than $2 trillion while Meta, Tesla and PetroChina are no longer in the trillion dollar club.