Nvidia Joins Apple and Microsoft in $2 Trillion Club After AI Growth Fuels 769% Profit Surge
• Nvidia briefly hit a $2 trillion market value on Friday after reporting strong earnings, joining Apple and Microsoft in the exclusive club • The chipmaker added a record $273 billion to its market cap on Thursday on the back of 769% annual profit growth • Nvidia has become the 3rd largest company on Wall Street behind Apple and Microsoft after surpassing Amazon and Alphabet • The company hit the milestone just 24 years after going public, fueled by AI mania on Wall Street • Nvidia is seen as crucial to AI given its dominance in processors that power AI systems like generative AI