Nvidia Surpasses Amazon in Value

Chipmaker Nvidia has exceeded Amazon in market value, the first time since 2002 that Nvidia is worth more after the market close.Nvidia closed at $721.28 per share, giving it a market value of $1.78 trillion to Amazon’s $1.75 trillion market cap, CNBC reported on Tuesday (Feb. 13).Nvidia shares are up over 246% year over year, thanks to strong demand for its server AI chips that can cost more than $20,000 each, CNBC said. Among the firms that rely on Nvidia’s chips are Microsoft, OpenAI and Meta, all of whi ...