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Nvidia on Tuesday became the first chipmaker to join the trillion-dollar club, as the company bets on a surge in demand for its AI chips that power chatbot sensation ChatGPT and many other applications.
The gaming and AI chip maker’s shares rose as much as 7.7% to a record high of $419.38 in early trading, adding to sharp gains from last week and lifting stocks of chipmakers and other AI companies.
The latest surge in Nvidia’s shares that powered the company past the trillion-dollar mark followed its revenue…
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