Nvidia overtakes Apple by way of market capitalization – 2024-06-06 07:28:48

by times news cr

2024-06-06 07:28:48

The market capitalization of the expertise company “Nvidia” (Nvidia), which is among the many main producers of semiconductors in the USA, for the primary time handed 3 trillion {dollars}. This occurred after the corporate’s shares rose in worth amid elevated demand for pc chips for technological techniques with synthetic intelligence, DPA reported.

Nvidia inventory added 5.16 p.c to $1,224.4 a share in Wall Avenue buying and selling final evening.

Because the starting of the yr, the shares of the American company have elevated in worth by practically 150 p.c.

Nvidia’s income within the final quarter rose to $26 billion, a 262 p.c bounce over the identical interval final yr. On the time, the corporate reported revenues of $7.2 billion.

The high-tech pc chips produced by “Nvidia” have turn out to be a key aspect for the event of applied sciences primarily based on synthetic intelligence, DPA famous, quoted by BTA.

In opposition to this background, “Nvidia” overtook the expertise company “Apple” (Apple) by way of its market capitalization and have become the second largest firm by this indicator after “Microsoft” (Microsoft), based on CBS.

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