Nvidia becomes the first chipmaker to enter the trillion dollar club

Nvidia has reached a market value of $1 trillion as the demand for generative artificial intelligence tools from various tech companies soars up.

Nvidia’s last quarterly earnings report revealed a profit exceeding $2 billion in three months.

Nvidia, known for its graphic chips, shifted its focus to the data centre market in the last few years. The company experienced significant growth during the pandemic due to increased demand for gaming, cloud services, and cryptocurrency mining using Nvidia chips.