News Formal

Nvidia solidifies position as world's most valuable company

  • 📰 staronline
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Technology News

Canada Canada Latest News,Canada Canada Headlines

BERLIN (Reuters) - German police have arrested two men on allegations of blackmailing the family of seven-time Formula One world champion Michael Schumacher, daily Bild reported on Thursday.

FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Nvidia, whose market capitalization surpassed that of Microsoft on Tuesday, was set to add nearly $84 billion to its last close market value of $3.34 trillion at the current level of $138.99. Musk said on his X social media platform on Wednesday that Dell and Super Micro are supplying server racks for xAI's supercomputer, which will be used to expand the capabilities of its AI tool, Grok.

"While Microsoft both spends and makes money in AI, Nvidia only makes money and lots of money and profits in AI. That's why you cannot spell Nvidia without AI," said Jake Dollarhide, chief executive officer, Longbow Asset Management.

 

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:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Nvidia set to overtake Apple as world’s second-most valuable companyNEW YORK, May 31 — Nvidia could soon surpass Apple to become the world’s second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker...
Source: malaymail - 🏆 1. / 86 Read more »

Nvidia eclipses Microsoft as world’s most valuable companyNEW YORK, June 19 — Nvidia became the world’s most valuable company yesterday, dethroning tech heavyweight Microsoft MSFT.O as its high-end processors play a central role in a...
Source: malaymail - 🏆 1. / 86 Read more »

Nvidia eclipses Microsoft as world’s most valuable companyNVIDIA became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a ...
Source: theSundaily - 🏆 25. / 51 Read more »

US stocks fall despite Nvidia boost as inflation concerns weighNEW YORK, May 24 — US stocks ended lower yesterday, even as a strong revenue forecast for Nvidia fuelled a surge in its shares, but that was overshadowed by economic data showing...
Source: malaymail - 🏆 1. / 86 Read more »