Nvidia tops Apple in market value

record highs on Wednesday, with the artificial intelligence chip maker’s valuation breaching the US$3-trillion mark and overtaking Apple to become the world’s second most valuable company.is preparing to split its stock 10-for-one, effective on 7 June, a move that could increase its appeal to individual investors.

“Nvidia is making money on AI right now, and companies like Apple and Meta are spending on AI,” said Jake Dollarhide, CEO at Longbow Asset Management. “It may be a foregone conclusion that Nvidia will overtake Microsoft as well. There’s a lot of retail money that’s piling in on what they see as a straight shot up.”

Optimism about AI lifted chip stocks broadly on Wednesday, with the PHLX chip index surging 4.5%. Super Micro Computer, which sells AI-optimised servers built with Nvidia chips, climbed 4%.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nvidia is set to overtake Apple in market valueNvidia looks set to blow past Apple to become the world's second most valuable company, right behind Microsoft.
مصدر: TechCentral - 🏆 8. / 71 اقرأ أكثر »

Nvidia overtakes Apple after hitting R57 trillion market capNvidia has now become the first computer-chip company to ever hit $3 trillion in market capitalization.
مصدر: mybroadband - 🏆 11. / 67 اقرأ أكثر »

MSI Unveils Next-Gen AI+ Gaming and Business & Productivity Laptops with Latest Processors at COMPUTEX 2024Featuring Iatest AI-supported processors and NVIDIA® GeForce RTX™; graphics
مصدر: BusinessTechSA - 🏆 24. / 61 اقرأ أكثر »

MSI Unveils Next-Gen AI+ Gaming and Business & Productivity Laptops with Latest Processors at COMPUTEX 2024Featuring Iatest AI-supported processors and NVIDIA® GeForce RTX graphics
مصدر: mybroadband - 🏆 11. / 67 اقرأ أكثر »