Nvidia stock surge drives market value near $1 trillion

From its beginnings as a provider of high-performance graphics processing power for video games, Nvidia Corp. has become one of the most valuable companies in the world based on its central role in ushering in an artificial-intelligence era across industries.
 
The company, which works with several global automakers such as BYD, Mercedes-Benz and BMW, saw its stock surge 24 percent on Thursday, adding $184 billion to its value after a positive revenue outlook based on artificial-intelligence advances.
 
That’s one of the largest one-day gains in value for a company in history, and places Nvidia’s market capitalization at nearly $939 billion.