This significant increase in Nvidia's market value was spurred by AI spending and the company's estimate-topping outlook. The company's stock jump and record-high results indicate that the AI party is just getting started, according to Dan Ives. The addition of market value eclipsed the $197 billion gain made by Facebook-parent Meta at the start of the month.
Key takeaways:
- Nvidia Corp.'s stock has surged to an all-time high, marking the biggest single-session increase in market value in history.
- This surge bests the historic gain made by Meta Platforms Inc. just three weeks ago.
- Shares of the chipmaker jumped 16% on Thursday, adding about $277 billion in market capitalization.
- The surge brings Nvidia's total market value near $2 trillion, eclipsing the $197 billion gain made by Facebook-parent Meta at the start of the month.