Nvidia shares hit 10-week record gains, driven by AI chip demand, boosting its market cap to $2.2 trillion and ranking third globally.
Nvidia Corp shares hit a record 10th consecutive week of gains, the longest streak in the company's history, with a 0.4% increase, leading to an 80% gain in the 10-week rally. High demand for chips used in AI has driven Nvidia's growth, making it the top gainer among Nasdaq 100 Index components, and its market cap is now $2.2 trillion, ranking third globally after Microsoft and Apple. Upcoming events include CEO Jensen Huang's speech at the GTC conference.
March 15, 2024
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