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Nvidia closes with $2 trillion valuation as Dell stokes AI rally

Posted on AllSides March 1st, 2024
From The Center
REUTERS/Mike Blake/File Photo

Nvidia's (NVDA.O), opens new tab stock market value closed above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies (DELL.N), opens new tab reignited Wall Street's AI-fueled rally.

Nvidia's stock added 4% after Dell, which sells high-end servers made with Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.

Dell's shares soared as much as 38% to a record high before ending the session with a 32% gain.

Friday's rally put Nvidia's market capitalization at $2.06 trillion, making it Wall...

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