Nvidia Reaches $1 Trillion Valuation, Fuels Booming AI Industry

Nvidia became the first chipmaker to reach a $1 trillion market capitalization due to its status as a leader in AI technology.
Nvidia’s revenue and profit exceeded analysts’ estimates in its recent earnings report, showing strong demand for its chips used in AI and data centers.
While some analysts think Nvidia is overvalued given its massive rally, others believe it remains a buy with more room to grow.
Nvidia’s CEO Jensen Huang co-founded the company in 1993 and has led its focus on AI, making Nvidia a key partner for tech companies.
Nvidia faces increasing competition in the AI chip market, though its specialized architecture currently gives it an advantage.