Nvidia’s stock market value is nearly $2.6 trillion. How it rose to AI prominence, by the numbers

Nvidia’s stock price has more than doubled this year as of the close of trading Thursday, increasing the company’s market value by more than $1.3 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results.

The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’s revenue more than tripled in the latest quarter from the same period a year earlier.