Reported 20 days ago
Nvidia has become the world's largest company, surpassing Apple, with a market capitalization of $3.43 trillion, driven by the surge in artificial intelligence. The chipmaker's stock rose 2.9%, highlighting its dominance in the AI infrastructure cycle and its significant contribution to the S&P 500's gains this year. Nvidia's remarkable growth, with shares up over 850% since late 2022, reflects strong investor sentiment towards its earnings potential in the ongoing AI boom, as other major tech firms also invest heavily in AI technologies.
Source: YAHOO