Nvidia sees historic stock rise on AI chips success

Nvidia is now worth nearly $2 trillion, behind only Apple and Microsoft

(Image credit: Justin Sullivan / Getty Images)

published 23 February 2024

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.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Explore More

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.