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AI chip firm Nvidia valued at $2tn

Booming business at Nvidia sees investors bet the AI revolution will live up to its "hype".

On Thursday, the day after its earnings report, buyers snapping up shares pushed its value up by $277bn, Wall Street's largest one-day gain in history. The report has also helped to drive a broader market rally, appearing to convince investors that, as Derren Nathan of Hargreaves Lansdown put it, the boom in AI was "living up to the hype". "It's being used in automotive for design, it's being used in telecommunications for planning networks, it's being used in mainstream companies to figure out and get insights into data that they haven't been able to get before," Bob O'Donnell, a US-based technology analyst told the BBC earlier this week.

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