Nvidia’s shares closed 0.4% higher on Friday, giving it a market value of about US$1.97 trillion.
Its rapid ascent in the past year has led analysts to draw parallels to the picks and shovels providers during the gold rush of 1800s as Nvidia’s chips are used by almost all generative AI players from ChatGPT-maker OpenAI to Google. Nvidia’s shares closed 0.4% higher on Friday, giving it a market value of about US$1.97 trillion. They had risen as much as 4.9% to a record high of US$823.94 earlier in the session, after a more than 16% jump on Thursday.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: