Nvidia reaches a trillion dollar valuation thanks to AI

The pull of artificial intelligence takes Nvidia to new heights.

Oliver Thansan
Oliver Thansan
30 May 2023 Tuesday 10:25
26 Reads
Nvidia reaches a trillion dollar valuation thanks to AI

The pull of artificial intelligence takes Nvidia to new heights. The chip and graphics card company earns 6% on the stock market this Tuesday and this improvement helps it to join the historic club of listed companies valued at one trillion dollars -933,000 million euros- for the first time, slightly exceeding that figure.

Just a few days ago the company presented better prospects than expected due to the pull of the AI, which shot up its price by 200,000 million and left it close to the level. Today he has received the last push.

Investors see it as one of the big winners of the AI ​​era. They celebrate that the firm expects its revenues in the second quarter to be 50% above what analysts expected. It will enter 11,000 million dollars for the 7,150 million provided by Wall Street. All thanks to the growing demand for solutions for artificial intelligence, which in the last year has become known to the general public and is gaining more and more weight in companies.

AI is big business for you. While its PC gaming chips sell for $1,500, its AI chips cost more than ten times that, at about $20,000.

Only Apple, Amazon, Microsoft, Alphabet, Saudi Aramco, Tesla or Meta have ever had a trillion dollar valuation. Nvidia joins the list.