US chipmaker Nvidia hits $2tn value amid artificial intelligence boom

Company blows past Wall Street’s expectations with 265% jump in sales after hailing ‘tipping point’ for AI

Nvidia hit a stock market valuation of $2tn on Friday as the US chipmaker capitalizes on the artificial intelligence boom.

An extraordinary surge of the company’s shares had already propelled it past Amazon and Alphabet, the owner of Google and YouTube, to become the third largest in America.

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