Nvidia surpasses Intel as largest U.S. chip maker by market cap

Nvidia Corp.

surpassed Intel Corp. as the largest U.S. chip maker by market cap for the first time on Wednesday. Nvidia shares closed up 3.5% at $408.64, giving it a market cap of $251.31 billion, while Intel shares finished up 0.5% at $58.61, giving it a market cap of $248.16 billion, according to FactSet data. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX Semiconductor Index SOX, +1.48%, a 17% gain in the tech-heavy Nasdaq Composite Index COMP, +1.

and Intel often jockeyed for the No. 1 position, according to Dow Jones data.

BenBajarin Apple is a US company that makes chips and has a bigger market cap than Nvidia.

Market cap is an illusion and doubly so for tech firms

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Stocks making the biggest moves in the premarket: Novavax, Regeneron, Square, Nvidia & moreThe stocks making the biggest moves in premarket trading include Novavax, Regeneron, Square, Nvidia, and more. So is nio however cnbc rather not discuss this. Is it because it is Chinese ? Operation warp speed: Here is massive amounts of money awarded for stuff that doesn't work. Our government is so inept and corrupt it is mind blowing. I'll take $1.6 billion and give the government vaccines that don't work. I'll give them a discount and do it for $1 billion
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