NVIDIA has joined the exclusive club of companies with a $1-trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence (AI).
Nvidia Corp. joins tech titans like Alphabet, Apple and Microsoft in the $1 trillion club. Its stock rose 5 percent in Tuesday trading, eclipsing $408 per share. Since its initial public offering in 1999, the stock is up roughly 33 percent annually compared with an average annual gain of 7 percent in the benchmark S&P 500 index over the same time.
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