Nvidia, an American multinational technology brand, last month became one of the few companies to ever be valued at one trillion dollars or above. Incorporated in Delaware, and based in Santa Clara, California, Nvidia has been at the forefront of the gaming and tech industry, manufacturing powerful integrated circuits that are called graphical processing units (GPUs) and designed to work on devices like personal computers (PCs), electronic gaming consoles, and what have you. 

Nvidia’s trillion-dollar valuation happened on Tuesday, 30th May 2023 when, according to reports, the company’s publicly traded stock NVDA reached the one trillion-dollar threshold. Unfortunately, the achievement was said to be short-lived as the stock value fell backward, taking the company to its previous market standing. This incident briefly put the California tech startup in the same class as Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon which have a market capitalization of 2.7 trillion, 2.4 trillion, 2 trillion, 1.6 trillion, and 1.2 trillion respectively. 

What This Trillion-dollar Rise in Nvidia Stocks Means for Investors

Tuesday’s fluctuation looks to hold a promise for investors as Nvidia stocks have shown huge progression over the last three years, soaring over 167% in 2023 alone. Moreover, reaching a trillion-dollar high gives a positive outlook on what the near future of this tech company will be like. The Nvidia stock statistics will interest any investor, but it is advisable to always conduct your research before making investment decisions. 

What This Trillion-dollar Rise in Nvidia Stocks Means for Computing and AI 

Computing and AI applications are set to receive a huge boost after the recent rise in Nvidia stocks. Although many gaming, multimedia, and tech companies already depend on Nvidia to get powerful processor chips for their products, the coming months and years will likely see more companies turn to the unicorn for their processing needs. 

Nvidia’s Omniverse platform helps developers apply Universal Scene Description (USD) to 3D creations, and its CUDA architecture provides libraries for AI and computing development and deployments. These two complementary products are positioned to receive unique patronage from a large number of AI developers as the brand has already made significant contributions to the development of Bard and ChatGPT; two products that are leading the AI industry. 

You may also enjoy reading: VC funding dips in Q1, 2023- Here are the Most Affected Regions