Could Nvidia Become the First $10 Trillion Company?
Nvidia (NASDAQ: NVDA) reached a major milestone this year -- and I'm not talking about the launch of a new artificial intelligence (AI) product. The AI giant saw its market value soar past $4 trillion to make it the world's biggest company -- Nvidia surpassed and , two players that each have held that position in recent years.
Since, Nvidia has held onto the top spot, and its market value soared as high as $5 trillion before returning to levels of about $4.3 trillion. The reason for the market cap gain is clear: Investors see Nvidia as the ultimate stock to buy to benefit from the AI boom. Nvidia makes the world's No. 1 graphics processing units (GPUs), or the chips powering the development and use of AI. And the company has built out its offerings to include a wide range of related products and services.
Considering all of this, could Nvidia become the first $10 trillion company? Let's find out.
Source Fool.com
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