Nvidia has become the most valuable company in the world, again overtaking Apple in capitalization

For the first time, Nvidia overtook Apple in terms of capitalization in June of this year, but at the end of October it managed to technically repeat this trick, albeit for a few hours while trading was ongoing on the stock exchange. Yesterday, Nvidia’s advantage turned out to be more long-term, since its capitalization turned out to be higher than Apple’s already at the end of trading in the US. At the same time, both companies rolled back down from their October highs.

Image source: NVIDIA

In particular, according to the results of yesterday’s trading, Nvidia’s capitalization amounted to $3.43 trillion, while for Apple this value dropped to $3.37 trillion after the company’s share price dropped by 0.7%. In this case, Nvidia shares rose in price by 2.8% to $139.91 per share, and after the close of the main session they continued their growth and crossed the $140.17 mark.

Nvidia shares have more than tripled in price over the past year, and are already close to repeating this result this year. This cannot be said about Apple shares; they have risen in price by about 17% since the beginning of the year, and in general the company is just beginning to develop the market for artificial intelligence technologies in mass perception. Microsoft remains in third place in the list of the most valuable public companies in the world with its capitalization at $3.1 trillion. It is OpenAI’s largest investor and an important customer of Nvidia, so it is also closely connected to the artificial intelligence technology market. Last week, Apple published a forecast for the current quarter, which disappointed investors, which created the conditions for a decline in capitalization. Nvidia has not yet published its quarterly report, but will do so this month, and corresponding expectations are already fueling demand for its shares.

admin

Share
Published by
admin

Recent Posts

The cost of the Google Pixel 9 Pro was much lower than that of the Apple iPhone 16 Pro – both sell for $999

In Japan, the estimated price of components (Bill Of Materials, BOM) for the Google Pixel…

34 mins ago

More than 13 thousand bloggers applied for registration on “State Services”

In four days after the launch of the application form for registering blogs with an…

1 hour ago

Bitcoin broke through $75,000 for the first time in history – the US elections triggered the growth of cryptocurrencies

The Bitcoin rate reached a new historical high, exceeding $75,000 per coin. This happened against…

2 hours ago

SMART Modular introduced industrial SSDs of the T6EN series with a capacity of up to 15.36 TB

SMART Modular has announced the T6EN family of SSDs, designed for use in the aerospace,…

3 hours ago

Innodisk introduced industrial modules DDR5-6400 with a capacity of 64 GB

Innodisk has announced 64GB DDR5-6400 memory modules designed for data-intensive tasks. These could be AI…

3 hours ago

How to maintain motivation to study and develop in your profession

Specialists striving for professional growth are constantly learning new things. However, relying solely on willpower…

3 hours ago