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Adam Tooze: Why Nvidia Is Soaring

The AI chip company’s value has tripled in less than a year.

By , a deputy editor at Foreign Policy.
A sign is posted at the Nvidia headquarters in Santa Clara, California.
A sign is posted at the Nvidia headquarters in Santa Clara, California.
A sign is posted at the Nvidia headquarters in Santa Clara, California, on May 25, 2022. Justin Sullivan/Getty Images

Earlier this week, the market value of the U.S.-based chipmaker Nvidia briefly crossed the threshold of $1 trillion. That put it in an exclusive club alongside the likes of Alphabet, Apple, and Amazon. Nvidia’s valuation has essentially tripled since October, when public attention began to focus on the transformative potential of artificial intelligence. That’s also when investors began to focus on the potential for Nvidia’s chips to play a major role in that transformation.

Cameron Abadi is a deputy editor at Foreign Policy. Twitter: @CameronAbadi

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Tags: China, Economics, Science and Technology, United States

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