Nvidia became the world’s most valuable company on Tuesday. The American chipmaker’s stock shares climbed 3.6% to a total market cap of $3.34 trillion, surpassing Microsoft and Apple.
The company increased its stock share prices by 170% so far in 2024, a huge bump that followed a positive first-quarter report earlier this year. The stock has multiplied ninefold since the end of 2022, a rise that coincides with the spike of generative AI popularity.
Nvidia has about 80% of the market for AI chips used in data centers, and this is a pivotal business for OpenAI, Microsoft, Alphabet,…
Nvidia became the world’s most valuable company on Tuesday. The American chipmaker’s stock shares climbed 3.6% to a total market cap of $3.34 trillion, surpassing Microsoft and Apple.
The company increased its stock share prices by 170% so far in 2024, a huge bump that followed a positive first-quarter report earlier this year. The stock has multiplied ninefold since the end of 2022, a rise that coincides with the spike of generative AI popularity.
Nvidia has about 80% of the market for AI chips used in data centers, and this is a pivotal business for OpenAI, Microsoft, Alphabet,… Read More GSMArena.com – Latest articles
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