Nvidia overtakes Apple as world’s most valuable company

Nvidia’s stock market value briefly touched $3.53 trillion, slightly above Apple’s $3.52 trillion, LSEG data showed. Nvidia ended the day up 0.8%, with a market value of $3.47 trillion, while Apple’s shares rose 0.4%, valuing the iPhone maker at $3.52 trillion. In June, Nvidia briefly became the world’s most valuable company before it was overtaken by Microsoft and Apple. The tech trio’s market capitalizations have been neck-and-neck for several months. Microsoft’s market value stood at $3.

” Nvidia’s shares hit a record high on Tuesday, building on a rally from last week when TSMC, the world’s largest contract chipmaker, posted a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in AI. Meanwhile, Apple is struggling with tepid demand for its smartphones. iPhone sales in China slipped 0.3% in the third quarter, while sales of phones made by rival Huawei surged 42%.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Nvidia falls as Beijing discourages local companies from buying Nvidia chipsNvidia falls as Beijing discourages local companies from buying Nvidia chips - BBG
Bron: Investingcom - 🏆 450. / 53 Lees verder »

Nvidia overtakes Apple as world's most valuable company with $3.5T valuationNvidia’s stock has risen about 18% so far in October, with a string of gains coming after OpenAI, the company behind ChatGPT, announced a funding round of $6.6 billion.
Bron: nypost - 🏆 91. / 67 Lees verder »

Nvidia rallies, poised to dethrone Apple as most valuable companyNvidia rallies, poised to dethrone Apple as most valuable company
Bron: Investingcom - 🏆 450. / 53 Lees verder »