Nvidia reached a market value of two trillion dollars due to artificial intelligence

The company's shares jumped by more on Friday morning. as 4% and regardless of the fact that they have fallen a bit to date, Nvidia has gained a record value due to the exceptional results presented last week. Of course, the biggest thanks for the growth of the company's revenues goes to artificial intelligence, which was greatly increased by the demand for chips.

The company's revenues increased last year. as doubled to more than 60 billion dollars, and the first man of Nvidia, Jensen Huang, presented to investors that the demand has grown all over the world. Nvidia thus became worth 1 trillion dollars a year ago, and today it is the čfourth largestč valuable publicly traded corporation, just behind Microsoft, Apple and Saudi Aramcom.

Nvidia ended the day just below the $2 billion mark after the stock fell slightly after a record jump on Friday morning.

Founded in 1993, Nvidia was initially considered a company that focuses on the production of computer chips that process graphics, mainly for computer games. Daleč before the artificial intelligence revolution, they wanted to add features to their chips that help with machine learning, which was the key to the record-breaking growth of the company we are writing about now. Nvidia is thus considered a key player that we must follow if we want to follow the development of artificial intelligence technology around the world.

The share price has almost tripled in the last 12 months. From less than $240 to nearly $800 a share as of Friday. On Thursday, the day after the results were presented to investors, buyers sent Nvidia's value skyrocketing by $277 billion, the biggest one-day jump in Wall Street history.

Analysts mostly commented that such a jump in the value of Nvidia is proof that the entire "boom" around artificial intelligence was actually justified. "It's used for design in the automotive industry, for network planning in telecommunications, it's used in all kinds of companies trying to analyze and collect data that they couldn't before.", Bob O'Donnell, an American technology analyst, told the BBC. "We've reached a point where AI is impacting all businesses, not just specialist tech, and this is truly a huge moment for the industry", he added.