Nvidia eclipses Microsoft as world's most valuable company

Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple increases in analysts' expectations for Nvidia's future earnings have outpaced its stellar stock gains, resulting in a fall in the stock's earnings valuation.

Nvidia recently traded at 44 times expected earnings, down from over 84 about a year ago, LSEG data showed. Increasing the appeal for its highly valued stock among individual investors, Nvidia last week split its stock 10-for-one.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

United States United States Latest News, United States United States Headlines

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

Nvidia pushes out Apple, Microsoft to become world’s most valuable companyThe computer chipmaker’s stock market value rose to $3.3 trillion, surpassing Apple and Microsoft.
Source: washingtonpost - 🏆 95. / 72 Read more »

Nvidia topples Microsoft as world's most valuable companyShares of Nvidia are showing no signs of cooling off as investors double down on the chipmaker's dominance in leading the artificial intelligence race.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Nvidia surpasses Microsoft to become most valuable US companyNvidia’s chips are helping to develop AI, which proponents expect to change the world as much or more than the internet.
Source: 10News - 🏆 732. / 50 Read more »

Nvidia tops Microsoft as the most valuable public companyRiding the AI revolution, Nvidia has surpassed Microsoft and Apple to become the next Big Tech powerhouse.
Source: CBSNews - 🏆 87. / 68 Read more »

S&P 500 climbs to another record close Tuesday as Nvidia's market cap tops MicrosoftSamantha Subin is a digital news associate with CNBC.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »