Nvidia on cusp of overtaking Apple as second-most-valuable company

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 92%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investors cannot get enough of the semiconductor maker as AI frenzy continues

) to become the world’s second-most-valuable company, as investors cannot get enough of the semiconductor maker whose chips power popular artificial intelligence tools such as ChatGPT.

“It is also finding strong speculative support as a favorite among long option buyers who have seen almost a straight upward climb throughout 2024.” By comparison, Intel’s PE multiple is 30.24 and that of Philadelphia SE Semiconductor Index is 39.6, LSEG data showed.

 

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:

 /  🏆 5. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

US Stocks Slip as Investors Await Nvidia Earnings, Fed MinutesUS stocks slipped on Wednesday as investors counted down to high-stakes earnings from AI darling Nvidia (NVDA) and the release of Federal Reserve minutes which reiterated the central bank's focus on not cutting interest rates too soon.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P, Dow hit record highs as Nvidia ignites global rallyStocks powered higher as investors celebrated Nvidia's blowout results, which beat sky-high expectations and revived the AI frenzy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq leads declines as earnings take center stageInvestors are looking to Walmart earnings to provide insight into consumer resilience, while Nvidia's results loom large.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »