Nvidia shares rose in price after the publication of last year's financial report
Nvidia showed the largest one-day increase in the value of a company of all time in the history of Wall Street: in one day, Nvidia's market capitalization added $250 billion – and exceeded the $1.9 trillion mark. Against the backdrop of strong quarterly and annual reports, the company's shares rose by 15% – up to $774.18.
Nvidia's growth is driven by growing demand for GPUs, with the world's largest high-tech companies (including Open AI, Microsoft, Google) rushing to expand their computing capabilities to train artificial intelligence. Nvidia currently controls approximately 80% of the AI GPU market.
Nvidia capitalization is growing – its leader also becomes richer. Jensen Huang's fortune increased by $8.5 billion in one day – to 68.1 billion. And this allowed him to take 21st place in the ranking of the richest people on the planet Bloomberg Billionaires Index.