Posted 3/7/2024, 9:11:45 PM
Nvidia Soars Over $2 Trillion as AI Chips Surge; Tesla and Apple Slide on Demand and Growth Concerns
- Nvidia shares have surged over 85% this year, boosting its market cap by over $1 trillion to $2.28 trillion
- Demand boom for Nvidia's AI and graphics chips has fueled its rise amid AI boom
- Nvidia added a record $272B in market cap in a single day in February after earnings beat
- Tesla shares have fallen 25% amid slowing EV demand and rising competition
- Apple shares down 12% on China iPhone sales weakness and scrapped car plans