The virtual world will become a reality.
Shares of Nvidia Corp jumped 12% on Thursday bringing the chipmaker's market capitalization value to close to US $ 1 trillion in hopes it will gain support from other companies investing billions of dollars in their metaverse development.
Shares of Ndivia have posted double-digit gains this year and surpassed the US $ 800 billion market value on Thursday, far leaving other competitors such as Intel and Advanced Micro Devices which also recorded increases of 0.82% and 65% respectively.
However, some analysts remain on high alert with such a record high as this signals Nvidia has solidified its position as the seventh most valuable U.S. company.
For the record, the company’s shares once fell after Facebook’s former Meta Platforms had announced in October for rebranding in an effort to make the metaverse more widely accessible.
Meanwhile, the RoundHill Ball Metaverse ETF that tracks companies to benefit from the metaverse jumped to a record high of 1.7%, an increase of more than 20% since hitting its lowest level on October 4th.
Nvidia last month launched Omniverse Enterprise, a software that will help companies create a ‘metaverse’ in a three -dimensional world, where its chips produced by Nvidia are powerful enough to generate their computing power.
