Nvidia on Course to Become First Trillion-Dollar Chipmaker

Silicon Valley’s Nvidia Corp is set to become the first chipmaker to reach a valuation of $1 trillion, following a stunning sales forecast and soaring demand for its artificial intelligence (AI) processors.

Nvidia’s shares soared by 23% on Thursday morning in New York after it announced an $11 billion sales forecast for the next quarter, exceeding Wall Street’s estimates by more than 50%.

This announcement added a whopping $170 billion to Nvidia’s market value, more than the entire value of Intel or Qualcomm. According to Bloomberg, this incredible increase constitutes the most…