Nvidia Powers Record Run on AI Chip Demand, Nearing $1 Trillion Valuation

Nvidia forecasted $11 billion in sales for Q2, far exceeding analyst expectations and driving its stock price up 26%.
Nvidia's graphics processing units are in high demand to power artificial intelligence systems and generative AI technology.
Nvidia's success boosted shares of companies throughout the semiconductor supply chain as well as AI-focused tech giants.
Nvidia's CEO Jensen Huang's net worth increased $6.5 billion in one day thanks to the rally.
Some analysts are concerned Nvidia's stock price has become overvalued, likening it to the dot-com bubble.