Nvidia to join the $1T market cap club (NASDAQ:NVDA)
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Building on the meteoric rally, Nvidia stock (NASDAQ:NVDA) is up another 3.5% in premarket trading, putting the stock over $400 to start the week.
It also puts the company above a $1T valuation if profits are to last, as the stock market darling rides a wave of investor excitement around artificial intelligence. The chipmaker has responded by refreshing its PR feed, issuing seven separate press releases over the last 24 hours.
Among them are many products and services related to artificial intelligence, such as the AI supercomputer platform called DGX GH200. Google (GOOG) (GOOGL), Meta (META) and Microsoft (MSFT) are expected to be their first big customers, which could help them create a successor to ChatGPT.
