Nvidia sets monthly record with unprecedented market value surge in January


FILE PHOTO: A NVIDIA logo is shown at SIGGRAPH 2017 in Los Angeles, California, U.S. July 31, 2017. REUTERS/Mike Blake/File Photo

(Reuters) - NVIDIA Corp experienced a record-breaking surge in market value in January, the largest monthly increase ever, driven by heightened optimism around artificial intelligence (AI), positive analyst projections, and the company's announcement of expanded AI offerings.

The world's most valuable chipmaker saw its market value expand by an unprecedented $296.52 billion to about $1.52 trillion, surpassing its previous high of $248.23 billion in gains seen in May 2023.

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