Nvidia receives historic capitalization at the close of trading

The American processor manufacturer nvidia managed this Tuesday to strengthen its capitalization in one trillion dollars (926,750,000,000 euros) at the close of trading on Wall Street, becoming the seventh US company to reach that milestone.

The technology company has risen strongly on the stock market since May 24, when it announced a 26% year-over-year increase in its quarterly profit and he anticipated that his business would increase considerably thanks to the development of artificial intelligence.

(Kairan Quazi, the ‘kid prodigy’, 14 years old, hired by Elon Musk).

On May 30, Nvidia already set foot in the trillion-dollar listed club, but it had not managed until June 13 to maintain the value per share above almost $404,858something necessary to definitely enter the group.

(‘International air connectivity of the country is going through a good moment’).

Between June 13 shot up 3.90% and it more than reached the figure, closing at $412.30 per share.

(GTD and Starlink come together to strengthen web connectivity in Colombia).

Nvidia thus joins six other companies that have achieved a capitalization of one trillion dollars, all from the technology sector: Apple, Amazon, Alphabet, Microsoft, Tesla and Meta, although the latter two no longer belong to the group. Since the beginning of the year, Nvidia has appreciated 180%.

(‘We will increase the offer of seats 12% in summer’: American Airlines).

EFE