Nvidia Adds $442 Billion to Market Value Amid AI Growth

Nvidia Corp., the largest company in the world by valuation at around $5.5 trillion, added a staggering $442 billion to its market value on Thursday.

This is the second-largest one-day gain by any stock in history, trailing only Microsoft Corp.'s $450 billion surge less than a month ago.

The jump was sparked by Nvidia's robust forecast, which reassured investors that growth related to artificial intelligence remains strong.

Nvidia said revenue will expand about 70% next fiscal year, exceeding expectations for growth of around 45%, according to Bloomberg Intelligence.