With $1.78T valuation, NVIDIA surpasses Amazon's market capitalization
Image Credit: japan times
NVIDIA briefly surpassed Amazon in market value, reaching a whopping $1.78 trillion, on Monday. The milestone was fueled by skyrocketing demand for NVIDIA's AI computing chips. NVIDIA's shares increased by 0.2%, while e-commerce giant Amazon's shares recovered from their day's lows, resulting in a closing valuation of $1.79 trillion. But for a short time, NVIDIA held the title of the fourth most valuable United States-listed company, just below Alphabet ($1.84 trillion), Apple ($2.89 trillion), and Microsoft ($3.09 trillion).