Nvidia has become the most valuable publicly traded company in the world. It has surpassed Microsoft in terms of market capitalization. Nvidia shares have been rising in price for several months in a row on a wave of investor interest in makers of microprocessors used to develop artificial intelligence technologies.
Subscribe to RB.RU on Telegram
Nvidia has surpassed the American corporation Microsoft in terms of market capitalization and has become the most valuable public company in the world. This is evidenced by Nasdaq trading data.
According to the current data at the time of this publication, Nvidia’s capitalization is $3.322 billion, the stock price increased by 3.69% during the trading session, Microsoft’s capitalization is $3.321 billion, and shares fall 0.49%.
Nvidia’s market capitalization is growing due to the increase in its share price. The chip manufacturer’s prices have been growing for several months in a row. This is facilitated by investor interest in manufacturers of chips used to develop artificial intelligence technologies.
Nvidia reached a market capitalization of $3 trillion on May 23, 2024. This came after the company’s quarterly report that revenue tripled to $26 billion. The company’s net profit for the quarter amounted to $14 billion.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
