AI chip giant Nvidia leapfrogs Microsoft and Apple as most valuable listed company

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 49 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 77%

European-Parliament News

Emmanuel-Macron,European-Central-Bank-Ecb,Aib

Banks were in focus on Dublin market as it was confirmed that euro zone inflation ticked up to 2.6 per cent in May

London’s FTSE 100 closed 0.6 per cent higher, with investors optimistic ahead of key domestic inflation data and the Bank of England’s policy decision this week. Photograph: Hollie Adams/Bloomberg

The company’s shares climbed 3.2 per cent to $135.18 on Tuesday, bringing its market capitalisation to $3.332 trillion and surpassing the two tech giants that have long jostled for pole position on US stock markets.elections. The pan-European Stoxx 600 index closed nearly 0.7 per cent up, with utilities leading sectoral gains, up 1.5 per cent.

Banking stocks were in focus as it was confirmed that euro zone inflation ticked up to 2.6 per cent in May from 2.4 per cent a month earlier, which served to bolster expectations that therose 3.4 per cent to €4.14 with sentient towards the sector boosted as Whitbread, the London-listed Premier Inn owner reiterated its full-year forecast even after posting a 2 per cent drop in revenue per available room in the 13-week period to the end of May.

Novonesis advanced 5.8 per cent, after the Danish biotechnology group raised its full-year outlook, expecting growing demand for its biosolutions.

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:

 /  🏆 6. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Nvidia overtakes Apple as No 2 most valuable companyNvidia rallied to record highs yesterday with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company.
Source: RTEbusiness - 🏆 16. / 61 Read more »

AI darling Nvidia's market value surges closer to AppleNvidia's shares rallied around 6% to hit a record high on Wall Street last night, leaving the AI chipmaker's stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street's biggest players.
Source: RTEbusiness - 🏆 16. / 61 Read more »

Stock market concentration: Should a handful of Big Tech firms hold all the cards?The combined value of the world’s three biggest stocks - Apple, Microsoft, Nvidia - is almost $10tn. But is this bad?
Source: IrishTimes - 🏆 3. / 98 Read more »

Nvidia’s surge masks narrow US bull marketChip maker accounts for more than a third of the S&P 500′s year-to-date gains
Source: IrishTimes - 🏆 3. / 98 Read more »