NVIDIA’s market capitalization exceeded 2 trillion dollars for the first time after the stock market closed on Friday. Following last week’s trading, NVIDIA’s market cap stood at over 2 trillion dollars, with stock prices increasing by 4% to $822.79 per share, resulting in a total market cap of 2.057 trillion dollars.
The surge in NVIDIA’s stock price is believed to be driven by data from Dell Technologies’ latest quarterly earnings report, which indicated a continued high demand for AI server orders.
Stock prices of related companies involved in AI server sales and chip manufacturing also saw significant increases, such as Super Micro Computer, Broadcom, Marvell Technology, and AMD.
TLDR: NVIDIA’s market cap surpassed 2 trillion dollars for the first time, driven by strong demand for AI servers and chips in the market.
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