Learn more

US-based chip manufacturer Nvidia has seen its market capitalization soar past the $3 trillion mark, driven by the surge in demand for AI technology. Nvidia’s shares finished 5% higher at $1,224.40 on Wednesday, pushing the company’s market cap above $3 trillion for the first time. The shares of the US company climbed by almost 150% since the beginning of the year. In the last quarter alone, revenue rose from $7.2 billion in the previous year to $26 billion, marking a 262% increase. Nvidia’s chips have become a key technology for the future of artificial intelligence (AI). The chips are ideal …

cuu