![]() It has become the world’s biggest maker of the specialized chips needed to power a new generation of AI products, surpassing Advanced Micro Devices Inc. No other company embodies Wall Street’s current obsession with AI more than Nvidia. Nvidia was up 3% to $401.11 as of the close in New York, putting its market capitalization at $990.7 billion. are the only other US businesses to have trillion-dollar valuations, and fewer than 10 companies globally have achieved the distinction. The stock rose as much as 7.7% early in the session, putting Nvidia well into $1 trillion territory, before retreating from the milestone during the afternoon. ![]() Nvidia Corp’s market valuation fleetingly crossed the $1 trillion threshold on Tuesday after the chipmaker’s artificial intelligence prospects vaulted it into an elite club of just five American companies. It’s the first time that a top auditor has issued a qualified opinion on part of the empire’s books citing allegations from the US short seller report that has wiped more than $100 billion off the group’s market value. But the auditor said it could not confirm that the parties were indeed unrelated, and that the firm has refused to get an independent external examination that would help prove so. A Bloomberg report said that Deloitte Haskins & Sells LLP raised concerns on Tuesday over the port unit’s transactions with three entities, which the company said were unrelated parties. Adani Ports & Special Economic Zone Ltd’s auditor said insufficient disclosures over certain transactions means it can only issue a qualified opinion on the company’s accounts, returning the spotlight to allegations made by short seller Hindenburg Research on Gautam Adani’s empire.
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