The rapid growth of the artificial intelligence (AI) sector has caused the multinational technology company Nvidia to surpass $1 trillion in stock market value for the first time in its history.
The Santa Clara (California) based company is the main leader in this market. This Tuesday, each share of Nvidia stock reached a value of $410.05, bringing its current market value to around $1.02 trillion.
This good news for the multinational comes just days after they published their financial results for the first quarter of fiscal year 2024, which began on February 1, 2023, and ended on April 30. The company's revenue was down compared to the same period of the previous fiscal year but was higher than the last quarter of fiscal year 2023.