CALIFORNIA, UNITED STATES — Chipmaker Nvidia Corp recently joined the exclusive $1 trillion market capitalization club as demand for artificial intelligence (AI) applications rises. The tech giant now stands alongside other industry leaders such as Alphabet, Apple, and Microsoft, each boasting a valuation of over $1 trillion. Its stock experienced a five per cent rise last Tuesday, May 30, surpassing $408 per share. The company has also seen an average annual gain of approximately 33% since its 1999 IPO, significantly outperforming the S&P 500's average increase of seven per cent. Nvidia recently announced a quarterly profit surpassing $2 billion, with revenues topping $7 billion, which exceeded Wall Street expectations. The California-based firm, known for its gaming and AI graphics chips, is seen by industry insiders as an indicator of how AI could revolutionize the tech sector.