Nvidia’s market value reached US$3.53 trillion , just ahead of Apple’s US$3.52 trillion , according to data from LSEG.
Nvidia and other semiconductor stocks were boosted on Friday after data storage company Western Digital reported stronger-than-expected quarterly profits, boosting hopes for continued data centre demand. This recent surge followed a 54 per cent quarterly profit jump by TSMC, the world’s largest contract chipmaker, driven by high demand for AI chips.
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Nvidia notches record close, could unseat Apple as most valuable companyShares of Nvidia closed at their highest ever on Monday (Oct 14), putting the heavyweight AI chipmaker on the brink of dethroning Apple as the world's most valuable company. With investors betting on strong demand for its current and next-generation AI processors, the Santa Clara, California company's stock climbed 2.
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Nvidia overtakes Apple as world's most valuable companyNvidia dethroned Apple as the world's most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips.Nvidia's stock market value briefly touched $3.53 trillion, while that of Apple was $3.
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