Nvidia: Chipmaker’s shares, market cap rise to beat Microsoft as world’s most valuable company

| Nvidia became the world’s most valuable company on Tuesday , dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.

. Nvidia’s rally has lifted the S&P 500 and Nasdaq to record highs, some investors worry that unbridled optimism about AI could evaporate if signs emerge of a slowdown in spending on the technology. Tech giants Microsoft, Meta Platforms and Google-owner Alphabet are competing to build out their AI computing capabilities and add the technology to their products and services.

Since its blowout forecast about a year ago, the company has consistently breezed past Wall Street’s lofty expectations for revenue and profit, with demand for its graphics processors far outstripping supply as companies rush to embed AI applications.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Nvidia becomes world's most valuable company, toppling Microsoft amid pursuit of AI dominationTechnology multinational Nvidia has become the world's most valuable company, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence computing.
Source: abcnews - 🏆 5. / 83 Read more »

Nvidia most valuable company: Chipmaker leaps over Microsoft for top spot the rise has been stunningIt’s no surprise Nvidia has become the world’s most valuable company, but it’s 43 per cent surge in just a month suggests emotion is driving the stock – and the broader market.
Source: FinancialReview - 🏆 2. / 90 Read more »