Nvidia shares rose after the popularity of chatbots like the sensational ChatGPT and demand for artificial intelligence chips exploded. According to Reuters, the company became the first chip maker to join the “trillionaires club”.Other IT companies valued at over $1 trillion include giants such as Apple, Google’s parent company Alphabet, and Amazon. At the time of publication of our news, Nvidia shares are trading on the Nasdaq stock market with an increase of 5.24% at $ 409.86. The market value is $ 1.02 trillion.
Raised revenue expectations
Nvidia had increased its revenue expectation for the second quarter to 11 billion dollars, especially thanks to the growing artificial intelligence market. That’s 50% more than Wall Street’s $7.15 billion estimate.
Nvidia is one of the largest chip and graphics processor manufacturers for the training of artificial intelligence models. According to CNBC’s reports, analysts estimate that the company holds more than 95% of the artificial intelligence chip market.
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