The new most valuable company in the world. She knocked Apple off its throne
NVIDIA returns to the top. After another good week and regular increases in share prices, NVIDIA overtook Apple on the list of the world’s most valuable companies.
The new most valuable company in the world
Its value jumped to $3.53 trillion on Friday, while Apple’s stock market valuation was $3.52 trillion.
Already in June this year, a manufacturer of graphics processors and other integrated circuits, jumped to the leader’s seat in the list of the most valuable companies in the world. But then, Apple quickly managed to return to the top, and NVIDIA overtook Microsoft.
Recent good news from the artificial intelligence market, such as funding obtained by OpenAi and subsequent huge orders, have made NVIDIA’s value continue to grow. In October alone, share prices jumped 18%.
More and more companies are using artificial intelligence tools in everyday tasks. Unless there is a breakdown in the United States, this trend will continue.
– Russ Mold, investment specialist from AJ Bell, analyzes the market situation.
NVIDIA’s rise to the top does not mean trouble for Apple. The iPhone manufacturer is doing very well. According to analysts, the company will announce further revenue increases in the next financial report.
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