As reported by Bloomberg, the American GPU giant Nvidia‘s shares surged by 2.5 percent on Wednesday pushing its market capitalization to a whopping $1.83 trillion – beating Google parent Alphabet Inc. ($1.82 trillion). Just a day before, Nvidia surpassed E-commerce giant Amazon when Nvidia saw a 2.6 percent hike, while Amazon witnessed a 0.4 percent dip.
The development makes Nvidia the fourth most valuable company in the world after Microsoft ($3.00 trillion), Apple ($2.82 trillion), and Saudi Aramco ($2.00 trillion).
According to various reports, the rise in Nvidia’s valuation comes amid the skyrocketing demand for AI tools that require GPUs for Large Language Models (LLM).
