As Dell predicted that demand for servers dedicated to artificial intelligence (AI) would rapidly increase, Nvidia's stock price soared, surpassing $2 trillion (roughly 2,670 trillion won) in market capitalization. The stock price of Dell, which builds servers using Nvidia's GPUs, also surged 32% in in the future.

Reuters reported on the first (local time) that Dell released an optimistic forecast late the day before today, sparking an AI rally and allowing Nvidia to surpass $2 trillion in market capitalization for the primary time in history.

In keeping with this, NVIDIA's stock price rose 4% on this present day and increased 66% this 12 months alone. Although the market cap briefly exceeded $2 trillion last week, that is the primary time it closed at greater than $2 trillion. Nvidia's market cap is third in the USA, following Microsoft and Apple.

NVIDIA's market value increased by $277 billion in only in the future after announcing its quarterly results on the twenty third of last month, per week ago, which is a Wall Street record.

Dell's stock price also jumped to a record high on this present day. At one point in the course of the day, it soared to an all-time high of 38% and closed at 32%.

As well as, the stock prices of AI chip-related firms which can be considered alternatives to Nvidia all rose. Supermicro rose 4.5%, Broadcom and Marvell rose 8% each, and AMD rose greater than 5%.

Reporter Park Chan cpark@aitimes.com