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Wednesday, May 1, 2024

Bangkok Post – AI frenzy pushes Nvidia value to $2 trillion

Chipmaker’s market capitalisation records biggest one-day jump in US market history

(Photo: Reuters)

NEW YORK – The market value of Nvidia hit $2 trillion on Friday, riding on an insatiable demand for its chips that made the Silicon Valley company the pioneer of the generative artificial intelligence boom.

The milestone followed another bumper revenue forecast from the chip designer that drove up its market value by $277…

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