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Dubai News Club > Tech > Nvidia is now a $1 trillion company thanks to the AI boom
Tech

Nvidia is now a $1 trillion company thanks to the AI boom

Press Room
Last updated: 2023/05/30
Press Room
Published: May 30, 2023
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Nvidia has just become a $1 trillion company, with its rising valuation fueled by tech companies big and small racing to add generative artificial intelligence tools to their products. AI tools made up the vast bulk of recent Google I/O and Microsoft Build presentations, and Nvidia’s chips make it a key supplier for companies trying to build something with AI.

Its valuation pushed over the trillion-dollar benchmark as trading opened today at over $400 per share, putting it in the rarified…

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