Nvidia briefly joins $1 trillion valuation club


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

FILE PHOTO: 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 briefly joined an elite club of U.S. companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom.

The stock's value has tripled in less than eight months, reflecting the surge in interest in artificial intelligence following rapid advances in generative AI, which can engage in human-like conversation and craft everything from jokes to poetry.

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