Nvidia's shares surged by 27.6% in after-hours trading, pushing the company towards a $1 trillion market cap. The rise was due to the company's Q1 report, which showed a 19% increase in revenue, surpassing expectations. Nvidia is a leading manufacturer of cutting-edge chips essential for AI services, which has seen a surge of investment due to the buzz around OpenAI's ChatGPT and similar AI-powered tools.

The company's CEO, Jensen Huang, predicts that accelerated computing and generative AI will drive the transition of $1 trillion of global data center infrastructure, and the company has already commenced full-scale production of its latest AI chips.