(Reuters) - Shares of Nvidia Corp surged 12% on Thursday, taking the chipmaker closer to the $1 trillion valuation mark on hopes that it will get a boost from companies plowing billions of dollars into their "metaverses", the latest technology buzzword.
The company's stock has been on a tear, especially after Meta Platforms, formerly Facebook, announced plans late in October to rebrand itself in a bid to build a metaverse around its widely used platforms.
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