AI propels Nvidia towards $1 trillion club

Shares in computer chip designer Nvidia have soared, taking the company’s valuation close to the trillion dollar mark as the artificial intelligence frenzy boosts demand for processors
     

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NVIDIA SHARE PRICE
May 25: Shares soar 28%, to $392, making company worth over $950bn. Surge sparked by revenue forecast for first quarter – 53% higher than analysts projected
    

Chief Executive Officer
Jensen Huang
   

TRILLION-DOLLAR CLUB
Peak market cap of world’s top companies since 1999

Apple $2.99 trillion
Microsoft $2.58tn 
Aramco $2.49tn
Alphabet $1.99tn 
Amazon $1.88tn
Tesla $1.23tn 
Meta $1.08tn
Petrochina $1.00tn
Nvidia  Over $950 billion


A100 GPU costs upwards of $10,000
    
ChatGPT was trained using 10,000 of Nvidia’s GPUs, clustered together in supercomputer belonging to Microsoft


  Sources: Reuters, Refinitiv Datastream, Bloomberg Pictures: Getty Images, Nvidia © GRAPHIC NEWS