Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Nvidia overtakes Microsoft as the world’s most valuable company

Vector collage of the Ndivia logo.
Cath Virginia / The Verge

Less than two weeks after Nvidia jumped Apple in terms of its overall valuation, the GPU maker has now passed Microsoft to stand as the world’s most valuable company based on the chips it makes that are key to powering a boom in generative AI technology.

At the close of trading on Tuesday, its share price stood at $135.58, up $4.60 from the previous day and pushing its market cap to $3.335 trillion. That’s more than Microsoft ($3.32 trillion), Apple ($3.29 trillion), and Google ($2.17 trillion). Nvidia’s shares split 10-for-1 after June 7th, lowering the overall share price, but the spike in the company’s value has been jarring. Its share price has gone up 160 percent in 2024, and the company only passed the $2 trillion mark in February….

Continue reading…

You May Also Like

Editor's Pick

“Caius Gracchus” Babeuf came to Paris in 1790 and imbibed the revolutionary atmosphere. Five years later, he founded the secret Conspiracy of the Equals.

Tech News

Image: FromSoftware Playing Erdtree was a lesson in humility I needed. Continue reading…

Tech News

I can’t afford an actual house in this hellish economy, so a virtual one will have to do. | Image: Snap Snapchat Plus subscribers...

Tech News

Photo by Getty Images Car dealerships hamstrung by outages following two cyberattacks against CDK Global in June might finally be able to use their...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.