Latest line: A good week for Nvidia, a bad week for Sheng Thao

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Silicon Valley company becomes the most valuable in the world, as Oakland mayor faces two political disasters

The Nvidia office building is shown in Santa Clara, Calif., Wednesday, May 31, 2023. Computer chip maker Nvidia has turned the artificial intelligence craze into a springboard that has catapulted the company into the constellation of Big Tech’s brightest stars. Santa Clara chip maker becomes the world’s most valuable company, as its soaring stock price sends its market cap to $3.3 trillion, past Apple and Microsoft, amid high demand for its chips in artificial intelligence.

Opponents qualify a recall election against the Oakland mayor, and two days later, FBI agents raid her house and the homes of a family that owns a recycling company investigated over campaign contributions to her.President of the Howard Jarvis Taxpayers Association loses big as state Supreme Court removes a measure from November ballot to make it harder to raise taxes. But he says another may be back in two years.

 

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