Nvidia tops $3trn in market value, leapfrogging Apple

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 77%

Business News News

The last time Nvidia was worth more than Apple was in 2002, five years before the first iPhone was released.

Nvidia Corp was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.

Nvidia has shown no signs of slowing down or letting its rivals catch up; the company’s Chief Executive Officer Jensen Huang said the firm plans to upgrade its so-called AI accelerators every year. Wednesday’s stock gain increased his wealth by more than $5 billion to $107.4 billion, according to the Bloomberg Billionaires Index.

“We see this sea change as in the very early innings,” said Angelo Zino, senior equity analyst at CFRA Research.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia tops Apple in market valueNvidia's rallied to record highs on Wednesday, breaching a $3-trillion market capitalisation and overtaking Apple.
Source: TechCentral - 🏆 8. / 71 Read more »

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.
Source: TechCentral - 🏆 8. / 71 Read more »

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.
Source: mybroadband - 🏆 11. / 67 Read more »

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
Source: BusinessTechSA - 🏆 24. / 61 Read more »

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
Source: mybroadband - 🏆 11. / 67 Read more »