https://apnews.com/article/nvidia-trillion-artificial-intelligence-ai-chips-c2e5e41634dc4049209d4e1eba3836d8

Nvidia has joined the exclusive club of companies with a $1 trillion market capitalization as the chipmaker benefits from the growing use of artificial intelligence.

Nvidia Corp. joins tech titans like Alphabet, Apple and Microsoft in the $1 trillion club. Its stock rose 5% in Tuesday trading, eclipsing $408 per share. Since its initial public offering in 1999, the stock is up roughly 33% annually compared with an average annual gain of 7% in the benchmark S&P 500 index over the same time.