On Friday, the chip company NVIDIA became the third US company to enter stock market trading with a market value of over two trillion dollars.
The decisive impulse came from a price increase on the NASDAQ by four percent to $822.79.
Previously, only Apple and Microsoft had exceeded the $2 trillion mark on the stock market, with Google parent Alphabet reaching this threshold during the trading day. Microsoft is currently valued at over three trillion dollars, while Apple recently fell below this mark again.
NVIDIA’s stock price is driven by the company’s strength in specialty chips for artificial intelligence applications. The company’s technology is typically used for the complex training of AI programs, although rivals have not yet really gained a foothold in this market. The price has increased by more than 60 percent since the beginning of the year.
Editorial team finanzen.net