Nvidia’s market cap surpasses $5 trillion
Nvidia has reached a market cap of over $5 trillion, joining a group of companies with valuations over $1 trillion.
The company’s success is largely due to its role in the artificial intelligence (AI) industry, particularly in the production of graphics processing units (GPUs).
Micron Technology, a computer memory company, has also seen significant growth, with its stock up over 227% this year, driven by demand for memory in AI applications.