Nvidia Nailed Bet on AI Trend in Surge Toward $1 Trillion
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Nvidia Corp. has a knack for riding tech trends — selling graphics chips that powered everything from the video game boom to the rise of cryptocurrency and the industry's big bet on the metaverse.But arguably no trend stands to benefit the world's most valuable chip company more than the rise of artificial intelligence. Nvidia's 24% surge on Thursday pushed it within grasp of a $1 trillion market capitalization, a level that would rank it among the tech elite including Apple Inc., Microsoft Corp., Amazon.com Inc. and Alphabet Inc. “I'd be reluctant to say it has won the race, but it is winning right now,” said Zeno Mercer, senior research analyst at ROBO Global. Following an AI-fueled sales forecast this week that blew Wall Street targets out of the water, Nvidia's value grew $18...