Factbox-Nvidia joins tech titans in trillion-dollar club

FILE PHOTO A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6 2023. REUTERSDado RuvicIllustration

FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) - Nvidia Corp on Tuesday became the first chipmaker to join Wall Street's trillion-dollar club dominated by technology heavyweights such as Apple Inc and Microsoft Corp.

The boom in artificial intelligence (AI) technology has driven a threefold surge in Nvidia's stock valuation in less then eight months, helping the chipmaker hit the trillion-dollar mark about 24 years after going public. iPhone maker Apple took 38 years to cross the lofty milestone.

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