Nvidia becomes world's most valuable company, toppling Microsoft amid pursuit of AI domination

  • 📰 abcnews
  • ⏱ Reading Time:
  • 47 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 43%
  • Publisher: 83%

AI Nouvelles

Technology,Wall Street,Stock Market

Technology multinational Nvidia has become the world's most valuable company, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence computing.

Nvidia has overtaken Microsoft to become the world's most valuable company in market capitalisation.Investors have been urged to "be careful" about a market crash if spending on AI development plummets.

Microsoft and Apple trailed behind with a stock market value of $US3.317 trillion and $US3.286 trillion respectively, with both seeing their shares dip. The company's market value expanded from $US1 trillion to $US2 trillion in just nine months in February, while taking just over three months to hit $US3 trillion in June.A global survey shows Australians are less comfortable with AI-generated news than the rest of the world, while Meta navigates the next steps in rolling out its AI trial.

Sharp increases in analysts' expectations for Nvidia's future earnings have outpaced its stellar stock gains, resulting in a fall in the stock's earnings valuation.Nvidia recently traded at 44 times expected earnings, down from over 84 about a year ago, LSEG data showed. Yet competition remains high, with tech giants including Meta and Google pushing hard for the integration of AI in their digital offerings.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The $5 trillion monster: Nvidia just became the world’s most valuable companyThe AI giant jumped over rivals Microsoft and Apple for the top spot after another share price surge.
La source: smh - 🏆 6. / 80 Lire la suite »

The $5 trillion monster: Nvidia just became the world’s most valuable companyThe AI giant jumped over rivals Microsoft and Apple for the top spot after another share price surge.
La source: theage - 🏆 8. / 77 Lire la suite »

The $5 trillion monster: Nvidia just became the world’s most valuable companyThe AI giant jumped over rivals Microsoft and Apple for the top spot after another share price surge.
La source: brisbanetimes - 🏆 13. / 67 Lire la suite »

Nvidia hits $3tn and surpasses Apple as world’s second most valuable companyAI chipmaker’s stock has surged 147% so far in 2024, underscoring shift in tech world as demand for its processors far outstrip supply
La source: GuardianAus - 🏆 1. / 98 Lire la suite »