Courtesy NVIDIA/Handout via REUTERS Purchase Licensing Rights May 30 (Reuters) - Nvidia Corp (NVDA.O) briefly joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom.
Did Nvidia hit a $1 trillion market cap?
Nvidia hit a $1 trillion market cap at the start of trading Tuesday, before slipping to $990 billion by close of trading. The company needed to hold above $404.86 to open at the trillion-dollar valuation. Nvidia hit a $1 trillion market cap at the open Tuesday before paring back gains, falling to $990 billion.
Does Nvidia have a trillion dollar club?
The recent AI boom briefly launched Nvidia into Wall Street’s exclusive trillion dollar club. On Tuesday, the computer chipmaker briefly touched a $1 trillion market capitalization before its stock price pulled back. That means the total value of all its outstanding shares was temporarily above $1 trillion.
