Nvidia surpasses Apple to become the second-largest public company in the US

Nvidia accounts for around 70% of AI semiconductor sales and some analysts think the stock has further to go.Nvidia, Wall Street's favorite artificial intelligence darling, is continuing to swell to staggering heights.Nvidia, Wall Street's favorite artificial intelligence darling, is continuing to swell to staggering heights.

Nvidia is now the third company in the US, behind Apple and Microsoft, to cross that $3 trillion mark. Those gains also helped boost the S&P 500 and tech-heavy Nasdaq indexes on Wednesday - both closed at new record highs. The Rubin platform will succeed the Blackwell, which supplies chips for data centers and was announced only in March. It was dubbed by Nvidia at the time as the "world's most powerful chip."

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 stock: 10 Wall Street analysts discuss earnings, outlookNvidia stock: 10 Wall Street analysts discuss earnings, outlook
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia rides AI boom to third highest market value on Wall StreetNvidia on Wednesday overshot Wall Street estimates as its profit skyrocketed, bolstered by the chip-making dominance that has made the company an icon of the artificial intelligence boom.
Source: KPIXtv - 🏆 443. / 53 Read more »

Stocks are little changed as Wall Street awaits big Nvidia earnings: Live updatesThe major averages were little changed Wednesday as investors looked ahead to the widely-anticipated release of Nvidia's latest earnings report.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia beating earnings per share expectations is worst-kept secret on Wall Street, says Evercore ISIWall Street may be banking on Nvidia beating earnings, but how the stock will react is less clear, says Evercore ISI.
Source: CNBC - 🏆 12. / 72 Read more »