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Nvidia briefly worth $1 trillion thanks to AI boom

BBC, 31 May 2023
Nvidia briefly joined the elite club of US companies worth more than $1 trillion for at least a few hours thanks to AI boom.

Chip maker Nvidia briefly joined the ranks as its share price shot up more than 5% before retreating.

Shares had already jumped more than 25% last week after the company forecast "surging demand" due to advances in artificial intelligence (AI).

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#Nvidia #ArtificialIntelligence #BBCNews
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