business / news / / Times of India
Shares of Nvidia surged to a record high on Friday, pushing its market capitalisation past $5 trillion for the first time since October.
Nvidia's market capitalization surpassed $5 trillion for the first time since October.
KEY POINTS
- Nvidia added over $200 billion in market value in a single trading session.
- Intel's shares surged 24%, their best single-day performance since 1987, triggering wider chip sector gains.
- Alphabet plans to offer its own AI chips to cloud customers later this year, challenging Nvidia's lead.
- The Nasdaq Composite is up 15% in April, its best monthly gain since 2020.
COMPANIES
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