Nvidia sees historic stock rise on AI chips success

U.S. chipmaker Nvidia achieved the biggest one-day increase in value of any company in history

Nvidia office in California
Nvidia is now worth nearly $2 trillion, behind only Apple and Microsoft
(Image credit: Justin Sullivan / Getty Images)

What happened?

U.S. chipmaker Nvidia achieved the biggest one-day increase in value of any company in history, as investors clamored to buy into the growing artificial intelligence industry. Thursday's rally made Nvidia worth nearly $2 trillion, behind only Apple and Microsoft.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.