Nvidia value quadruples in a year infographic
Graphic compares Nvidia market cap to the other four biggest firms in the United States.
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BUSINESS

AI boom quadruples Nvidia value in just one year

By Ninian Carter

February 26, 2024 - The value of U.S. chip maker Nvidia is hovering around $2 trillion, buoyed by an insatiable demand for processors needed to power the boom in artificial intelligence.

Nvidia’s market capitalisation has reached around $2 trillion – making it the third most valuable company in the United States.

A year ago, the company was worth around $500 billion – a quarter of its current value.

Nvidia is benefiting from advances in artificial intelligence, triggering an insatiable demand for its computer chips, which include features that aid machine learning.

Sources
PUBLISHED: 26/02/2024; STORY: Graphic News
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