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Thanks to AI, and its head start making graphics cards, Nvidia's value has already hit $2T

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Technology giant Nvidia is hitting new heights thanks to demand for products connected to artificial intelligence, leading the chip maker to a market value that this week approached that of the entire Canadian economy.

The California-based company briefly hit $2 trillion US in overall value, or market capitalization, for the first time on Friday, riding on insatiable demand for its semiconductors and chips.

The entire Canadian economy, as measured by GDP, was $2.12 trillion US in 2023 according to the International Monetary Fund. 

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Less than a year ago, Nvidia was worth about $1 trillion US. Its growth over the past eight months has been characterized as the fastest among U.S. companies. Nvidia went

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This story was originally published on  CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/business/ai-nvidia-valuation-1.7124435?cmp=rss.

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