Nvidia's capitalization crossed the $1 trillion threshold
The company became the first among chipmakers to reach this mark
On Tuesday, Nvidia Corp's market capitalization surpassed the $1 trillion mark, making it the first semiconductor manufacturer to join the trillion-dollar club.
Source. This was reported by Reuters.
The company's shares rose by 5.4%.
Nvidia last week predicted second-quarter revenue more than 50% higher than Wall Street estimates, and on Monday announced that it is building Israel's most powerful artificial intelligence supercomputer to meet growing customer demand.
Background. Earlier it was reported that Microsoft had signed a deal with Nvidia to help unlock Activision's purchase of Blizzard.
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