Nvidia Stock Skyrockets Over $1,000: Big Tech Rivals Scrambling
San Jose, California – Nvidia saw a significant surge in its stock price, climbing 9.3% on Thursday and closing above $1,000 for the first time. This increase brought the chip giant’s market cap to over $2.5 trillion following outstanding first-quarter earnings that exceeded expectations. In the first quarter, Nvidia reported adjusted earnings per share of $6.12 on revenue of $26 billion, marking a substantial increase of 461% and 262%, respectively, compared to the same period …