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Nvidia overtakes Apple as world's second most valuable company
Credit: Sky News- Published 2 weeks ago
The world has a new second most valuable public company - the AI microchip maker Nvidia.
Video credit: Wibbitz Top Stories
Published 2 weeks ago - 01:30
Nvidia Rides Wave of AI Interest to Overcome Apple as the Second-Most Valuable Company
Nvidia Rides Wave of AI Interest , to Overcome Apple as the, Second-Most Valuable Company.
'The Independent' reports that Nvidia has overtaken
Apple as the world's second-most valuable company,
with an estimated value of over $3 trillion.
'The Independent' reports that Nvidia has overtaken
Apple as the world's second-most valuable company,
with an estimated value of over $3 trillion.
The chipmaker has seen share values skyrocket
amid speculation about artificial intelligence, which
is powered by chips like those produced by Nvidia.
The growing interest in AI has made Nvidia
the biggest company in Silicon Valley,
allowing it to unseat Apple. .
The growing interest in AI has made Nvidia
the biggest company in Silicon Valley,
allowing it to unseat Apple. .
Meanwhile, the iPhone maker has seen
its own value fall amid concerns such as
dwindling sales in the Chinese market.
Nvidia now has plans to split its stock
ten-for-one on June 7, a decision that has
the potential to attract more individual investors.
Nvidia is making money on AI
right now, and companies like Apple
and Meta are spending on AI, Jake Dollarhide, chief executive officer at
Longbow Asset Management, via 'The Guardian'.
It may be a foregone conclusion
that Nvidia will overtake Microsoft
as well. Thereโs a lot of retail money
thatโs piling in on what they
see as a straight shot up, Jake Dollarhide, chief executive officer at
Longbow Asset Management, via 'The Guardian'.
So far in 2024, Nvidia has seen its stock surge 147%,
rallying nearly 30% since May alone when
the company released its latest revenue forecast.
On June 5, the chipmaker added almost
$150 billion in market capitalization,
which is more than AT&T's total value.
The same interest in AI also drove a general rally
for AI chip stocks, with PHLX chip index rising
4.5% and Super Micro Computer climbing 4%
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Nvidia
American multinational technology company
Name any major tech brand - from Google to Amazon to Tesla to ChatGPT - and the chances are Nvidia is involved in some way.
Credit: Sky News - Published 2 days ago
Name any major tech brand - from Google to Amazon to Tesla to ChatGPT - and the chances are Nvidia is involved in some way.
Credit: Sky News - Published 2 days ago
Microsoft has been dramatically toppled as the world's most valuable public company.
Credit: Sky News - Published 2 days ago
Apple Inc.
American multinational technology company
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