Nvidia eyes the $1 trillion club as AI outlook sparks rally
Shares in the firm soared as much as 26 per cent in early trading after its raised sales forecast smashed expectations
Nvidia is within touching distance of $1 trillion market value — poised to become only the ninth firm ever to hit that milestone — as the artificial intelligence frenzy boosts demand for processors that can accelerate computing.
Shares in the Santa Clara, California-based firm soared as much as 26 per cent after its raised sales forecast smashed expectations. The chipmaker’s market value rose by $199 billion at one point to a record $955 billion, before ...