Nvidia is world's most valuable company

A South Bay tech company has claimed the title of world’s most valuable company. On Tuesday, Nvidia surpassed Microsoft with a market valuation of $3.3 trillion. "I don’t think this is going to be a surprise to many people looking at it, that it has this kind of value," said Ahmed Banafa, a San Jose State University tech expert.Wall Street’s current tech crush became the bell of the financial ball, closing up 4.60 on the NASDAQ.

That field is exploding with growth, which has bumped up Nvidia’s stock by a factor of nine since 2022."You need these incredibly powerful, fast chips which Nvidia has had the architecture for a really long time. And so now that’s suddenly recognized as incredibly valuable compared to anybody else in the hardware industry," said Robert Chapman Wood, a professor of strategic management at San Jose State University.

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 companyNvidia had recently also announced a stock split of 10-for-one, which came into effect this year on June 7.
Source: IntEngineering - 🏆 287. / 63 Read more »

CNBC Daily Open: Nvidia unseats Microsoft as world's most valuable companyNvidia on Tuesday surpassed Microsoft to become the world's most valuable public company with a market cap of $3.34 trillion.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia surpasses Microsoft to become the largest public company in the worldNvidia, Wall Street’s artificial intelligence poster child, is now the most valuable company in the world, taking the crown from Microsoft.
Source: cnnbrk - 🏆 393. / 55 Read more »

AI chipmaker Nvidia surpasses Apple, Microsoft to become world's most valuable companyThe latest uptick pushed Nvidia’s market cap to a whopping $3.33 trillion. Microsoft fell to second place with a valuation of $3.32 trillion, followed by Apple at $3.28 trillion.
Source: nypost - 🏆 91. / 67 Read more »