Jump to content
  • Sign Up
×
×
  • Create New...

Nvidia Overtakes Microsoft as World’s Second-Largest Company by Market Cap


Pelican Press
 Share

Recommended Posts

  • Diamond Member

This is the hidden content, please

Nvidia Overtakes
This is the hidden content, please
as World’s Second-Largest Company by Market Cap

NurPhoto / Contributor / Getty Images

" bad-src="https://s.yimg.com/ny/api/res/1.2/VOXSZjVuyWN.rSIYMpGcFw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/investopedia_245/61dd2b26709ac430564b8742a649c7f4" fifu-data-src="https://s.yimg.com/ny/api/res/1.2/VOXSZjVuyWN.rSIYMpGcFw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/investopedia_245/61dd2b26709ac430564b8742a649c7f4">

NurPhoto / Contributor / Getty Images

Key Takeaways

Nvidia’s market capitalization overtook

This is the hidden content, please
’s on Monday, making it the second-largest company in the world behind Apple.

The semiconductor company and its partners are seeing robust demand for products to support artificial intelligence (AI).

Analysts suggested Nvidia shares could still climb higher, given the strength of AI spending and seasonal tailwinds.

Nvidia’s (NVDA)

This is the hidden content, please
overtook
This is the hidden content, please
’s (MSFT) on Monday, making it the second-largest company in the world behind Apple (AAPL).

Nvidia shares climbed just over 2% Monday, lifting the chipmaker’s market cap to $3.13 trillion, ahead of

This is the hidden content, please
’s $3.04 trillion. Super Micro Computer (SMCI), a partner of Nvidia, reported
This is the hidden content, please
driven by
This is the hidden content, please
demand, helping send shares of both companies higher.

Nvidia and

This is the hidden content, please
have been jockeying with Apple for the top spot by market cap in recent months. In June, Nvidia
This is the hidden content, please
when it surpassed
This is the hidden content, please
, but
This is the hidden content, please
later reclaimed the title, and Apple has since pulled ahead.

Strong AI Spending Could Still Send Nvidia Stock Higher, Analysts Say

Nvidia’s stock price has more than doubled in value since the start of the year, as demand for its AI chips surged. Analysts suggested Nvidia shares could still climb higher, given the strength of AI spending trends and seasonal tailwinds.

Semiconductor companies typically perform better in the fourth quarter than they do in the third quarter, with Nvidia “still set to lead,” Melius Research analysts said Monday, adding “the setup here is still pretty ***** good.”

Melius holds a price target of $165 for Nvidia, a 29% premium on Monday’s closing price of $127.72. That compares to an average price target of $152.52, according to Visible Alpha.

Read the original article on

This is the hidden content, please
.



This is the hidden content, please

#Nvidia #Overtakes #

This is the hidden content, please
#Worlds #SecondLargest #Company #Market #Cap

This is the hidden content, please

This is the hidden content, please

Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.