Nvidia is closing in on a valuation of $2T, WSJ reports

Just 8 months after reaching a valuation of $1T, Nvidia is closing in on a valuation of $2T because of the AI revolution, Asa Fitch of The Wall Street Journal reports. Nvidia’s graphics processing units, GPUs, are worth tens of thousands of dollars each and have become a scarce commodity. The company is estimated to have control of more than 80% of the market.