Nvidia adds over $200 billion in market, underscoring its dominance in chips for artificial intelligence – The Economic Times Video

Nvidia’s stock price has jumped 92% this year as of Wednesday, increasing the company’s market value by more than $1 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results. The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’s revenue more than tripled in the latest quarter from the same period a year earlier.