Chip Giant Nvidia Nears Trillion-Dollar Status on AI Bet

Chip Giant Nvidia Nears Trillion-Dollar Status on AI Bet
The logo of Nvidia Corporation during the annual Computex computer exhibition in Taipei, Taiwan, on May 30, 2017. Tyrone Siu/Reuters
Reuters
Updated:

Nvidia Corp. surged 24 percent on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI.

The surge more than doubled the stock’s value for this year and increased the chip designer’s market capitalization by about $184 billion to nearly $939 billion.