Nvidia rose 1.5% at one time in morning trading Monday, with an intraday market value of $1.815 trillion; Amazon fell about 0.3% at one point, with an intraday market value of $1.805 trillion.
Nvidia’s market value surpassed Amazon for the first time in two decades.
Wall Street’s enthusiasm about artificial intelligence has Nvidia becoming more valuable than Amazon for the first time in two decades, and the AI chip maker is not far behind Google-owner Alphabet.
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