‘New gold rush’: Nvidia stock market has been on a hot streak recently – Why?

The market value of US tech firm Nvidia has jumped, as demand soars for its computer chips to meet the needs of artificial intelligence tools such as ChatGPT. The company based in Santa Clara, California, is close to joining the exclusive club of $1 trillion (about €932 billion) companies like Alphabet, Apple and Microsoft after its shares jumped more than 24 per cent on Thursday. The maker of graphics chips for gaming and artificial intelligence this week reported a quarterly profit of more than $2 billion (€1.8 billion) and revenue of $7 billion (€6.5 billion), both exceeding Wall Street exp…

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