NVIDIA has risen in price by $65 billion in a day - since the beginning of the year the value has increased by $219 billion

The surge in interest in artificial intelligence has skyrocketed NVIDIA's market value. From the beginning of 2022

the company has risen in price by more than one and a half times.

What is known

The value of NVIDIA shares at the time of tradingFebruary 23, 2023 increased by 13%. This led to the fact that the market capitalization increased by $65 billion and amounted to $582 billion. Analysts suggest that if the trend continues by the end of 2023, the "green" giant will rise in price by 60%. In less than two months since the beginning of the year, capitalization has grown by $219 billion.

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The increase was provoked by a sharp surge of interest inchatbots based on artificial intelligence like the sensational ChatGPT. They require powerful GPUs to run. NVIDIA is the leader in this market segment.

The company plans to maximize efficiencyusing their chips. To do this, NVIDIA announced the creation of its own artificial intelligence cloud service and joined forces with Oracle, Google and Microsoft.