AI demand briefly catapults Nvidia into $1 trillion club By Cointelegraph

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AI demand briefly catapults Nvidia into $1 trillion club

Published May 30, 2023 08:41PM ET Updated May 30, 2023 10:20PM ET

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AI demand briefly catapults Nvidia into $1 trillion club

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Computer chip manufacturer Nvidia (NASDAQ:NVDA) briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo.

The milestone was hit on May 30 in the United States morning trading hours by the computer chip and graphics card manufacturer with its shares hitting a daily high of over $418 according to Google (NASDAQ:GOOGL) Finance.

NVIDIA stock price over the last year. Source: TradingView.

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AI demand briefly catapults Nvidia into $1 trillion club

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