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Nvidia is now a $1 trillion company thanks to the AI boom

Nvidia just became a $1 trillion company, with its valuation rising as tech companies large and small add generative artificial intelligence tools to their products. AI tools have made up the bulk of recent Google I/O and Microsoft Build presentations, and Nvidia’s chips make it a major supplier for companies trying to build something with AI.

Its valuation surpassed the trillion-dollar benchmark as trading opened today at more than $400 a share, putting it in the rarefied air previously held by only a few large companies such as Apple and Microsoft, each of which in August 2018 and crossed the significant mark in Aug. 2019, respectively.

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