Nvidia crossed the $1 trillion market cap mark

Nvidia has become the world’s largest maker of the chips needed to power a new generation of artificial intelligence products.Photo: Reuters/Scanpix

Nvidia Corp. became the world’s first chipmaker with a market value of $1 trillion on Tuesday, joining only five American companies to surpass that mark so far, Bloomberg reports.

Shares of Nvidia rose 4.3% in morning trading in New York on Tuesday, moving around $406 a share, for a market value of $1.02 trillion. With this, Nvidia joined the trillion dollar club, which includes American companies Alphabet, Amazon, Apple and Microsoft.

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