Nvidia's stock surged this week. How the AI boom played a role
Nvidia Corp closed in on a trillion-dollar market value on Thursday as shares surged 25 per cent following a bumper earnings report.
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Nvidia Corp closed in on a trillion-dollar market value on Thursday as shares surged 25 per cent following a bumper earnings report.
Nvidia shares surged 25% in after-hours trading Wednesday after the chipmaker forecast stronger-than-expected revenue for the current quarter.
Nvidia said it expected its revenue to grow significantly as it upped its production of chips to meet soaring demand for AI.
Nvidia co-founder Jensen Huang brought the company public in 1999 at a valuation of $626 million. The stock has since appreciated by 152,766%.
Rough calculations suggest Ark Invest missed out on over $200 million in potential profits when it sold Nvidia stock throughout the end of last year.