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Why Nvidia Stock Blasted to a $3 Trillion Market Cap on Wednesday

TheMotleyFool

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Why Nvidia Stock Blasted to a $3 Trillion Market Cap on Wednesday: https://g.foolcdn.com/editorial/images/779784/a-computer-chip-embedded-in-a-circuit-board-with-the-letters-ai-embossed-on-the-top.jpg

Shares of Nvidia (NASDAQ: NVDA) surged higher (again) on Wednesday, jumping as much as 5.2%. At the end of the day, the stock was still up 5.2%, putting its market cap above $3 trillion for the first time.

Several developments in the field of artificial intelligence (AI) helped fuel the stock's relentless rise.

As the leading provider of graphics processing units (GPUs) used in artificial intelligence (AI), it seems any bit of positive news in the space can be a catalyst for Nvidia stock. The phenomenon was in full view today.

Source Fool.com

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