Chip giant Nvidia nears trillion-dollar status on AI bet


The logo of NVIDIA as seen at its corporate headquarters in Santa Clara California in May of 2022. Courtesy NVIDIAHandout via REUTERS

The logo of NVIDIA as seen at its corporate headquarters in Santa Clara, California, in May of 2022. Courtesy NVIDIA/Handout via REUTERS

(Reuters) -Nvidia Corp surged 24% on Thursday in one of the largest one-day gains in value for a U.S. stock, after its stellar revenue forecast showed that Wall Street has yet to price in the game-changing potential of AI.

The surge more than doubled the stock's value for this year and increased the chip designer's market capitalization by about $184 billion to nearly $939 billion.

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