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Meet the Newest Artificial Intelligence (AI) Chip Stock to Join Nvidia in the $1 Trillion Club
TSMTSMC(TSM) The Motley Fool·2024-10-20 11:30

$1 trillion may be just a milestone in this company's continued growth amid the AI boom.Nvidia (NVDA 0.78%) flew into the $1 trillion club in May 2023 as it capitalized on growing spending on artificial intelligence. The chipmaker has gone on to increase more than three-fold in value since, becoming the second most valuable company in the world, behind only Apple.The rest of the $1 trillion club is full of some of Nvidia's biggest customers, the "hyperscalers" building out massive data centers for training ...