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Nvidia eyes the $1 trillion club as AI outlook sparks rally

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Shares in the firm soared as much as 26 per cent in early trading after its raised sales forecast smashed expectations

Nvidia is within touching distance of $1 trillion market value — poised to become only the ninth firm ever to hit that milestone — as the artificial intelligence frenzy boosts demand for processors that can accelerate computing.

Shares in the Santa Clara, California-based firm soared as much as 26 per cent after its raised sales forecast smashed expectations. The chipmaker’s market value rose by $199 billion at one point to a record $955 billion, before ...

 

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