Nvidia is now worth more than the entire FTSE 100 as the US tech giant cashes in on the artificial intelligence (AI) boom.
Shares in Nvidia have risen more than 13pc over the last five days after bosses this week revealed sales trebled over the last year amid bumper trading.
The jump has taken Nvidia’s market valuation to more than $2.8 trillion (£2.2 trillion). That’s more than the £2.15 trillion valuation placed on all FTSE 100 companies combined.
Nvidia has cashed in on huge demand for AI over the last year as its advanced computer chips have become the bedrock of systems such as ChatGPT.
The sharp increase in its valuation means it is now also closing in on Apple, which has a market capitalisation of $2.9 trillion, making it the world’s second most valuable company behind Microsoft.
Read the latest updates below.
https://news.google.com/rss/articles/CBMia2h0dHBzOi8vd3d3LnRlbGVncmFwaC5jby51ay9idXNpbmVzcy8yMDI0LzA1LzMwL2Z0c2UtMTAwLW1hcmtldHMtbGF0ZXN0LW5ld3MtbW9ydGdhZ2UtY29zdHMtaW50ZXJlc3QtcmF0ZXMv0gEA?oc=5
2024-05-30 17:17:40Z
CBMia2h0dHBzOi8vd3d3LnRlbGVncmFwaC5jby51ay9idXNpbmVzcy8yMDI0LzA1LzMwL2Z0c2UtMTAwLW1hcmtldHMtbGF0ZXN0LW5ld3MtbW9ydGdhZ2UtY29zdHMtaW50ZXJlc3QtcmF0ZXMv0gEA
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