Nvidia market value topped $1 trillion on Tuesday, making the chipmaker the first in its industry to hit the milestone.
Shares hit $404.98 in morning trading, exceeding the $404.85 level needed to reach the new high.
“Nvidia has done a lot of heavy lifting over the years,” Ark Invest CEO Cathie Wood told FOX Business last week, “and it is the No. 1 hardware play in AI.”
While there are no “pure play” A.I. stocks, she added that with most publicly traded…