Nvidia Briefly Joins List Of Companies Worth $1-Trillion

The elite club of US companies worth more than $1 trillion got a new member on Tuesday - at least for a few hours.

Photo Insert: Founded in 1993, Nvidia was originally known for making the type of computer chips that process graphics, particularly for computer games.

Chip maker Nvidia briefly joined the ranks, as its share price shot up more than 5% before retreating, Natalie Sherman and Zoe Kleinman reported for BBC News.

Shares had already jumped more than 25% last week after the company forecasted "surging demand" due to advances in artificial intelligence (AI.) Apple, Amazon, Alphabet and Microsoft are the other publicly traded US firms worth more than $1 trillion (£800 billion).

Founded in 1993, Nvidia was originally known for making the type of computer chips that process graphics, particularly for computer games.

The firm's affable co-founder Jensen Huang took a punt by investing in added functionality for Nvidia chips long before the AI revolution - a long game that appears to have paid off.

Its hardware underpins most AI applications today, with one report suggesting it has cornered 95% of the market for machine learning.

ChatGPT, the chatbot that sparked AI fervor with its launch last year, was trained using 10,000 of Nvidia's graphics processing units (GPUs) clustered together in a supercomputer belonging to Microsoft.

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