Nvidia Tops Apple in Market Cap, Now Second in US Value

  • 📰 ITNewsAfrica
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Nvidia Tops Apple in Market Cap, Now Second in US Value

on Wednesday after shares rose over 5%. At market close, Nvidia had a market value of $3.019 trillion, compared to Apple’s $2.99 trillion. As of Wednesday, Microsoft leads as the most valuable publicly traded company, with a market cap of $3.15 trillion.in May and have seen significant growth since last year. The company boasts an estimated 80% market share in AI chips for data centers, attracting substantial spending from major cloud vendors.

Meanwhile, Apple shares have only risen about 5% this year, with sales growth stalling in recent months. In its most recent quarterly earnings report, Apple reported a 4% drop in overall sales and a 10% decline in iPhone sales compared to the year-ago period. Apple faces strategic concerns regarding demand in China, manufacturing, and mixed reactions to its new virtual reality headset, Vision Pro.

Nvidia has exhibited greater stock volatility than Apple. Founded in 1991, the company initially focused on gaming hardware for 3D computer games. More recently, it has ventured into cryptocurrency mining chips and cloud subscription services. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 27. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nvidia tops $3trn in market value, leapfrogging AppleThe last time Nvidia was worth more than Apple was in 2002, five years before the first iPhone was released.
Herkunft: Moneyweb - 🏆 5. / 77 Weiterlesen »

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

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.
Herkunft: mybroadband - 🏆 11. / 67 Weiterlesen »

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.
Herkunft: TechCentral - 🏆 8. / 71 Weiterlesen »

Nvidia adds an Adobe to its market cap in 24 hoursThe increase was second only to its own $277-billion jump on the day following its previous earnings report in February.
Herkunft: TechCentral - 🏆 8. / 71 Weiterlesen »