Reported 1 day ago
Nvidia has emerged as Wall Street's most valuable company, surpassing Apple and achieving a market value of $3.579 trillion, largely due to an unprecedented demand for its semiconductors in AI applications. The company's latest quarterly results showed a 94% increase in revenue year-over-year, driven by a 112% rise in its data center business. With expectations of continued revenue growth, Nvidia's stock price has surged by 195% this year, making it a crucial player in the S&P 500's performance.
Source: YAHOO