If the lift continues during Thursday’s trading, it will be a historical record for stock market lift of 219 billion dollars (corresponding to 2,350 billion kroner) in one trading day.
The previous record for price increases in one day was set by iPhone manufacturer Apple, whose market capitalization rose by $190.9 billion on November 10 last year.
Since the turn of the year, Nvidia’s stock had already risen by more than 100 percent before the rush after the report in Wednesday’s after-hours trading. And Nvidia is now inching closer to Wall Street’s exclusive $1 trillion club with a market capitalization of $974 billion if the post-report rally holds up during Thursday’s trading.
Nvidia’s rise is connected to a sharp increase in demand for technology and equipment for the manufacture of artificial intelligence (AI). The company is, among other things, a leading manufacturer of graphics processors and motherboards for computers, games and AI programs.