Nvidia aims to surpass Apple in daily market value growth

Semiconductor maker Nvidia braced for a record one-day jump in value after it raised its demand forecast for its chips used in artificial intelligence applications.

The company's shares rose 29% after the close of trading on Wednesday. If it manages to maintain profits, its value will add $219 billion to $974 billion. The reason for this record growth in Nvidia shares was the forecast for the development of artificial intelligence, which exceeded expectations.

The success of Nvidia stock has even surpassed the one-day gain of Apple Inc. (NASDAQ:AAPL) last November by $191 billion and the growth of Amazon.com Inc (NASDAQ:AMZN). in February 2022. Unlike them, however, the company has not yet joined Apple and Amazon in the club of $1 trillion firms. It still ranks at least 2nd in the world.