{"id":30305,"date":"2023-06-01T12:51:45","date_gmt":"2023-06-01T12:51:45","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member"},"modified":"2023-06-01T13:04:18","modified_gmt":"2023-06-01T13:04:18","slug":"nvidia-officially-becomes-elite-trillion-dollar-club-member","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member","title":{"rendered":"Nvidia officially becomes elite trillion-dollar club member"},"content":{"rendered":"

Africa-Press – Mauritius. <\/strong><\/span>Nvidia breached the US$1-trillion in market capitalisation on Tuesday, making it the first chip maker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose more than 7% in early trading on Tuesday, was valued at $1.02-trillion.<\/p>\n

Taiwan\u2019s TSMC is the next largest chip maker globally, valued at about $535-billion. Meta Platforms, valued at about $670-billion as of last close, clinched the trillion-dollar market capitalisation milestone in 2021, while Apple, Alphabet, Microsoft and Amazon.<\/p>\n

com are the other US companies that are part of the club. Wall Street analysts called Nvidia\u2019s forecast \u201cunfathomable\u201d and \u201ccosmological\u201d, hiking their price targets in droves.<\/p>\n

The highest price target valued the company at about $1.6-trillion, on par with Google-parent Alphabet. \u201cGiven the valuation is well above the long-term average, there will be significant pressure to deliver high growth on a consistent basis .
\n. there could be volatility in its share price to come,\u201d Susannah Streeter, head of money and markets at Hargreaves Lansdown, said.<\/p>\n

AI took centre stage after Nvidia stunned investors with a revenue forecast last week that surpassed analysts\u2019 expectations by more than 50%. \u201cNvidia is the poster child for AI at the moment,\u201d said Thomas Hayes, chairman at Great Hill Capital.<\/p>\n

\u201cThe market is coming to terms with if this AI trend is real.<\/p>\n

Nvidia\u2019s shares rose about 25% last week sparking a rally in AI-related stocks and boosted other chip makers, helping the Philadelphia SE Semiconductor index close on Friday at its highest in over a year.<\/p>\n

OpenAI-owned ChatGPT\u2019s rapid success has prompted tech giants such as Google and Microsoft to make the most of generative AI, which can engage in human-like conversation and craft everything from jokes to poetry.<\/p>\n

For More News And Analysis About Mauritius<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mauritius. Nvidia breached the US$1-trillion in market capitalisation on Tuesday, making it the first chip maker to join the trillion-dollar club. The gaming and AI chip company, whose shares rose more than 7% in early trading on Tuesday, was valued at $1.02-trillion. Taiwan\u2019s TSMC is the next largest chip maker globally, valued at […]<\/p>\n","protected":false},"author":84,"featured_media":30304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[233,245,1863,241],"class_list":["post-30305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-mauritius","tag-google","tag-mauritius"],"yoast_head":"\nNvidia officially becomes elite trillion-dollar club member - Mauritius<\/title>\n<meta name=\"description\" content=\"Nvidia breached the US$1-trillion in market capitalisation on Tuesday, making it the first chip maker to join the trilli ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nvidia officially becomes elite trillion-dollar club member\" \/>\n<meta property=\"og:description\" content=\"Nvidia breached the US$1-trillion in market capitalisation on Tuesday, making it the first chip maker to join the trilli ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-01T12:51:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-01T13:04:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/06\/sm_1685608372.710562.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nvidia officially becomes elite trillion-dollar club member\",\"datePublished\":\"2023-06-01T12:51:45+00:00\",\"dateModified\":\"2023-06-01T13:04:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member\"},\"wordCount\":303,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2023\/06\/sm_1685608372.710562.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mauritius\",\"Google\",\"Mauritius\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/nvidia-officially-becomes-elite-trillion-dollar-club-member\",\"name\":\"Nvidia officially becomes elite trillion-dollar club member - 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