Home » Nvidia doesn’t stop anymore: it’s now worth more than 2 trillion on Wall Street

Nvidia doesn’t stop anymore: it’s now worth more than 2 trillion on Wall Street

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Nvidia doesn’t stop anymore: it’s now worth more than 2 trillion on Wall Street

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It was only a matter of days. Now the wall has been broken. Nvidia’s run on Wall Street has just led Jensen Huang’s company to exceed the 2 trillion capitalization threshold. A similar market cap has previously been achieved by only three other companies: Microsoft, Apple and Alphabet. Nvidia, therefore, joins this prestigious club, consolidating incredible growth.

In recent days, the Californian giant had overtaken two giants such as Alphabet and Amazon on Wall Street, positioning itself behind Microsoft and Apple. The last impetus, the one that helped it surpass the 2 trillion threshold, came from the quarterly results, published on the evening of Wednesday 21 February.

At the opening of trading, Nvidia’s stock gained 4.6%, which is worth a capitalization higher, for the first time, than 2 thousand billion in capitalization (2,047 billion). Numbers that were not even imaginable just a year ago, when the chip company’s market cap stood at around 500 billion.

The arrival of artificial intelligence has become crucial for the growth of Nvidia, because the chips produced by the Santa Clara giant have become indispensable to make the algorithms of ChatGPT and similar chatbots work. A success made of timeliness and skill. And now that the 2 trillion threshold has been broken, the next objective could be to chase Apple, the undisputed queen of Wall Street until a few weeks ago.

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