Nvidia beats Microsoft to become world's most valuable company

Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday.

Nvidia makes computer chips needed for artificial intelligence software, and demand for its products has boosted its sales and profits over the last few years. Tuesday’s share price rally means the market now values the company at $3.34tn , with the price having nearly doubled since the start of this year.Competition among AI developers is fierce. Microsoft, Google-owner Alphabet, Meta and Apple are just some of the tech heavyweights battling to create a world-beating product.As such, investors believe the company will continue to surge in value. Nvidia’s sales and profit figures have surpassed many analyst expectations in recent years.

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 overtakes Microsoft to become world's most valuable public companyA so-called stock split has been credited with driving the chipmaker's value further into the stratosphere, 12 days after it claimed the number two spot from Apple.
Source: SkyNews - 🏆 35. / 67 Read more »

Nvidia beats market expectations again, but for how long?262% topline increases won't last forever, amid market worries that mega AI investments won't pay off...
Source: TheRegister - 🏆 67. / 61 Read more »

SK hynix shimmies towards AI silicon by driving merger of South Korean Nvidia challengersSapeon and Rebellions think they can do better together
Source: TheRegister - 🏆 67. / 61 Read more »