• 22/07/2024 07:03

Nvidia sets a Wall Street record for daily capitalization growth of $277 billion

After Nvidia's quarterly financial report on Thursday, February 22, the company's shares rose sharply, setting a historical record on Wall Street for daily capitalization growth, which amounted to $277 billion. Reuters writes about this.

Nvidia set a record on Wall Street for daily capitalization growth by $277 billion

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The chip manufacturer's quarterly report exceeded expectations and renewed optimism about artificial intelligence.

The company's shares soared by 16.4% and closed at $785.38, which was a record close, raising its market capitalization to $1.96 trillion.

In the premarket on February 23, shares continued growth and are approaching $800.

Nvidia set a Wall Street record for daily capitalization growth of $277 billion

The company's report showed that demand for its specialized chips used in artificial intelligence computing intelligence, continues to anticipate analysts' forecasts.

The California company's results gave new impetus to the global rally in shares of technology companies associated with artificial intelligence, which led to the growth of the S&P 500 index, the European STOXX 600 and the Japanese Nikkei to record highs.< /p>

minfin.com.ua

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