Nvidia market cap tops $1T

Posted on AllSides May 30th, 2023
From The Right

Nvidia market value topped $1 trillion on Tuesday, making the chipmaker the first in its industry to hit the milestone. 

Shares hit $404.98 in morning trading, exceeding the $404.85 level needed to reach the new high. 

"Nvidia has done a lot of heavy lifting over the years," Ark Invest CEO Cathie Wood told FOX Business last week, "and it is the No. 1 hardware play in AI."

While there are no "pure play" A.I. stocks, she added that with most publicly traded companies heavily involved in A.I. having other business offerings, Nvidia is...

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