NVIDIA Stock Price Surge Adds $765 Billion in Market Value in Just 8 Days

The article discusses the remarkable surge in NVIDIA’s stock price, which added a staggering $765 billion to the company’s market value in just eight trading days. This surge was fueled by the growing excitement around artificial intelligence (AI) and NVIDIA’s pivotal role in powering AI systems with its high-performance graphics processing units (GPUs). The article highlights that NVIDIA’s stock price has more than doubled since the start of the year, driven by the AI boom and the company’s strong financial performance. NVIDIA’s GPUs are essential for training and running large language models like ChatGPT, which has sparked a frenzy of interest in AI across various industries. The article also mentions that NVIDIA’s market capitalization has surpassed $1 trillion, making it one of the most valuable companies in the world. However, concerns are raised about the potential for a bubble in AI-related stocks, as investors rush to capitalize on the AI hype.

Source: https://markets.businessinsider.com/news/stocks/nvidia-stock-price-surge-765-billion-market-value-8-days-2024-8