Nvidia Reaches $2 Trillion Valuation on AI Boom
• Nvidia hit a $2 trillion stock market valuation, becoming the third largest US company behind Apple and Microsoft • The company has capitalized on the AI boom, with revenue from data centers up over 400% last quarter to $18.4 billion • Demand has surged from tech giants developing AI products, with Microsoft, Amazon, Meta, and Google buying Nvidia chips • Nvidia founder and CEO Jensen Huang hailed an AI "tipping point" with the company's latest earnings smashing expectations • Analysts see Nvidia and the growth of AI as sparking a transformational tech revolution on the scale of the early internet