News Formal

Nvidia overtakes Apple after hitting R57 trillion market cap

  • 📰 mybroadband
  • ⏱ Reading Time:
  • 19 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 67%

Angelo Zino News

Artificial Intelligence (AI),Jen-Hsun “Jensen” Huang,Nvidia

Nvidia has now become the first computer-chip company to ever hit $3 trillion in market capitalization.

Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.

The last time Nvidia was worth more than Apple was in 2002, five years before the first iPhone was released.Nvidia has shown no signs of slowing down or letting its rivals catch up; the company’s chief executive officer Jensen Huang said the firm “We see this sea change as in the very early innings,” said Angelo Zino, senior equity analyst at CFRA Research.

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:

 /  🏆 11. in ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Nvidia is set to overtake Apple in market valueNvidia looks set to blow past Apple to become the world's second most valuable company, right behind Microsoft.
Source: TechCentral - 🏆 8. / 71 Read more »

Nvidia adds an Adobe to its market cap in 24 hoursThe increase was second only to its own $277-billion jump on the day following its previous earnings report in February.
Source: TechCentral - 🏆 8. / 71 Read more »