Diamond Member Pelican Press 0 Posted June 22, 2024 Diamond Member Share Posted June 22, 2024 This is the hidden content, please Sign In or Sign Up back as most valuable listed company as Nvidia slips Nvidia has handed back the position as the world’s most valuable company to This is the hidden content, please Sign In or Sign Up after its share price fell by more than 3.5% on Thursday. The artificial intelligence (AI) chip giant This is the hidden content, please Sign In or Sign Up from Tuesday, with a stock market valuation of $3.34tn (£2.64tn). But Nvidia’s shares fell to $130.78 on Thursday, sending its value down to around $3.22tn, with This is the hidden content, please Sign In or Sign Up reclaiming the title as it held steady at more than $3.3tn. Nvidia’s rise has been fuelled by its dominance of what analysts call the “new gold or oil in the tech sector” – the chips that power AI. Nvidia, This is the hidden content, please Sign In or Sign Up and Apple – each worth more than $3tn – are in a three-horse race to be the world’s most valuable company. While Nvidia reached the top spot for just a brief *******, some analysts have predicted competition between the three technology firms will remain fierce. “We believe over the next year the race to $4 trillion market cap in tech will be front and centre between Nvidia, Apple, and This is the hidden content, please Sign In or Sign Up ,” Wedbush Securities said in a note earlier this week. Nvidia’s stock has boomed thanks to growing demand for chips that train and run generative AI models, such as OpenAI’s ChatGPT. The firm also benefitted significantly from a rush to mine Bitcoin in 2020, which saw a jump in sales of its graphics cards. Its rise as been mirrored by the growing profile of its boss, Jensen Huang, who has become well-known thanks in part to his popularity in his native Taiwan, where fans treat him like a rock star. This is the hidden content, please Sign In or Sign Up # This is the hidden content, please Sign In or Sign Up #valuable #listed #company #Nvidia #slips This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/49942-microsoft-back-as-most-valuable-listed-company-as-nvidia-slips/ Share on other sites More sharing options...
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