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What caused Nvidia's market value to hit $1 trillion?
short by Pragya Swastik / on Tuesday, 30 May, 2023
Nvidia's market value hit the $1 trillion mark as the chipmaker's shares continued to surge after a bumper earnings report. Known for its chips used in video games, Nvidia pivoted to the data centre market and its business rapidly expanded during the pandemic. Furthermore, Nvidia produces 80% of GPUs used in large computers that process data and power generative AI.
read more at Reuters