Connect with us

Hi, what are you looking for?

Global Markets ReviewGlobal Markets Review

Tech News

Nvidia is now more valuable than Apple at $3.01 trillion

Vector collage of the Ndivia logo.
Image: Cath Virginia / The Verge

Nvidia has become the second most valuable company in the world. On Wednesday afternoon, the chipmaking giant’s market capitalization hit $3.01 trillion, putting it just ahead of Apple at $3 trillion.

As Nvidia dominates the AI race with its flagship H100 chip, the company’s market cap has only continued to rise. Nvidia became a $1 trillion company in May 2023, then skyrocketed past $2 trillion in February of this year, making it more valuable than both Amazon and Alphabet.

Screenshot: The Verge

In May, Nvidia reported making a whopping $14 billion in profit on account of all the chips it’s selling. Nvidia now only trails behind Microsoft, which currently has a market cap of $3.15 trillion. The chipmaker’s stock…

Continue reading…

You May Also Like

Business

A top European Union court said Wednesday that McDonald’s has lost its Big Mac trademark in the 27-nation bloc, ruling in favor of Irish...

Tech News

A rendering of Climeworks’ Generation 3 direct air capture plant. | Image: Climeworks The next generation of industrial plants to filter CO2 out of...

Tech News

The first four Nerf N-Series blasters shipped to reviewers. When I was a kid, “It’s Nerf or nothing” meant you couldn’t find a better...

Tech News

Illustration by Nick Barclay / The Verge Netflix says it’ll no longer be available on second- and third-generation Apple TVs, which came out more...