The chip manufacturer Nvidia has overtaken Apple as the most valuable company in the world.
Nvidia’s market value has reached $3.53 trillion. This means that the technology group took over the crown as the most valuable company in the world last week after a back and forth with Apple. Most recently, Apple closed at 3.52 trillion, but Nvidia reached 3.53 trillion after briefly falling to 3.47 trillion.
Russ Mold, investment director at AJ Bell, said of the chip maker’s increased market value: “More and more companies are using artificial intelligence in their daily tasks, and demand for Nvidia chips remains high.”
“As long as we avoid a major economic downturn in the United States, companies will continue to invest heavily in AI capabilities, which will provide a healthy tailwind for Nvidia.”
Nvidia is expected to unveil its 50 series of graphics cards soon. Parts will also be delivered for the successor to the Nintendo Switch.
= Partner & affiliate links: Possible offers listed are usually provided with so-called affiliate links. By purchasing through one of these links you support Xboxdynasty. We receive a small commission from the provider without affecting the price and can offer this website free of charge to you.
