NVIDIA tops the $4,000 billion mark on the stock market
, by Quentin
NVIDIA has just passed an unprecedented milestone by reaching a value of $4,000 billion, becoming the first listed company to reach this threshold. The stock rose by a further 2% on Wednesday, buoyed by continuing demand for artificial intelligence technologies.
The company, which had already passed the $1,000 billion mark by 2023, has seen its growth greatly accelerated by the rise of AI, particularly since the release of ChatGPT. In the space of two years, no other company has experienced such stock market growth.
Despite this momentum, certain challenges remain. NVIDIA recently warned of a potential $8 billion impact on its sales due to US restrictions on chip exports to China.
Source: cnbc.com