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


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.

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