Business

A surge in Nvidia’s share price pushed it briefly past $1trn in stockmarket value. The American company makes high-performance chips that are used in artificial intelligence and has seen its stock double in value since the release of ChatGPT, a chatbot, last November. This week’s jump in the share price was triggered by Nvidia forecasting a huge increase in quarterly sales and assuring markets that it could increase supplies of its H100 chips, used in large-language AI models. Nvidia is getting orders from a wide range of companies, from cloud-computing providers to online-shopping websites, in their rush to adopt generative AI.