Value of Nvidia jumps by as much as Britain’s most valuable company

Published on 24 May 2024 on The Telegraph via Yahoo Finance

Value of Nvidia jumps by as much as Britain’s most valuable company

Nvidia chief Jensen Huangs, pictured last month - Jeff Chiu/AP

The US microchip giant Nvidia has gained the entire value of Britain’s biggest listed company in a single day as the artificial intelligence (AI) boom sent shares to a fresh record high.

Nvidia’s shares rose by 10.5pc in early trading on Thursday, adding $245bn (£193bn) to its market value. It came after the company said on Wednesday night that sales had more than trebled in a year.

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Value of Nvidia jumps by as much as Britain’s most valuable company

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