2024-07-22 08:42:12
Nvidia has become the most valuable company in the world, overtaking Microsoft.
As reported by Day.Az with reference to TASS, this was reported by the Reuters agency with reference to trading data.
The stock rose 3.2 percent to $135.21, giving the chipmaker a market capitalization of $3.33 trillion.
On June 12, The Wall Street Journal reported that Apple had become the most valuable company in the country, overtaking Microsoft.
Earlier it was reported that the value of Microsoft, Nvidia and Apple amounted to more than 20% of the value of the S&P 500 index for the first time since 2000. As Bespoke Investment Group specifies, this means that just three stocks are worth more than the shares of hundreds of other companies that make up the index combined.
Investors point to the downside to the trend. According to Katie Stockton, founder of Fairlead Strategies, the rise of the three companies highlights weakness in many other areas of the market.
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