/ 07 June 2024

Toppling the big Apple


American tech company Nvidia has just zoomed past Apple to become the world’s second most valuable publicly listed company, with a market value of more than US$3 trillion. This is down to the ongoing AI boom and Nvidia’s savvy move from making computer chips for graphics processing to hardware and software to aid machine learning (just nod…). Nvidia’s CEO Jensen Huang says the company is at the forefront of “the next industrial revolution”… The company’s share price jumped over 5% on Wednesday after reporting sales of US$26 billion from 2024’s first quarter – more than triple 2023’s result. Analysts say the company could be worth $10 trillion by 2030 because the revolution relies on Nvidia’s products. “I’m calling it an impenetrable moat,” one said. Another company leaning heavily towards AI is the world’s most valuable publicly listed company – that’s Microsoft

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