Connect with us

Hi, what are you looking for?

CrazyFlux.comCrazyFlux.com

Tech News

Nvidia is now more valuable than Apple at $3.01 trillion

Vector collage of the Ndivia logo.
Image: Cath Virginia / The Verge

Nvidia has become the second most valuable company in the world. On Wednesday afternoon, the chipmaking giant’s market capitalization hit $3.01 trillion, putting it just ahead of Apple at $3 trillion.

As Nvidia dominates the AI race with its flagship H100 chip, the company’s market cap has only continued to rise. Nvidia became a $1 trillion company in May 2023, then skyrocketed past $2 trillion in February of this year, making it more valuable than both Amazon and Alphabet.

Screenshot: The Verge

In May, Nvidia reported making a whopping $14 billion in profit on account of all the chips it’s selling. Nvidia now only trails behind Microsoft, which currently has a market cap of $3.15 trillion. The chipmaker’s stock…

Continue reading…

You May Also Like

Tech News

Illustration by Alex Castro / The Verge Verizon is doubling down on efforts to sell you streaming services. Starting May 30th, the company will...

Editor's Pick

David Boaz The Libertarian Party presidential nominating convention is coming up this weekend, with Donald Trump as a featured speaker. This is apparently the first...

Editor's Pick

Chris Edwards New York’s state and local governments appear to be incredibly bloated. New York State’s population is 10 percent less than Florida’s, yet...

Editor's Pick

Romina Boccia and Dominik Lett Irresponsible emergency spending practices have eroded fiscal norms, contributing directly to America’s mounting debt challenge. Over the last three...