Reported about 1 year ago
Artificial intelligence-focused companies, particularly chipmakers, experienced significant increases in market capitalization at the end of June. Nvidia briefly surpassed Microsoft to become the world's most valuable company, with a 27% rise in shares, reaching $3.34 trillion in market cap. Other tech giants like Microsoft, Apple, and Amazon also saw market cap growth, while Broadcom's market cap surged 20% after increasing its annual revenue forecast for AI-related chips and announcing a stock split to leverage the share rally.
Source: YAHOO