Technology company Nvidia overtook Apple on Tuesday and became the world’s most valuable listed company for the second time, with a market cap of $3.42 trillion.
At Wall Street’s close, Nvidia stock rose 3%; So far this year, the company has revalued by 182% thanks to its graphics processing units and artificial intelligence services.
In June, the chipmaker already overtook Apple and was briefly crowned (for just a few hours) as the most valuable company.
The company, founded in 1991, has become a leader in the artificial intelligence sector and this year was crowned “the pretty girl of Wall Street”.
In this way, it is the largest provider of graphics processing units for technology companies and its products are used in software tools such as OpenAI’s chatbot, ChatGPT.
The success of its products led it to obtain, during its first fiscal half-year, from February to August, a net profit of $31.48 billionan increase of 282% year-on-year which it attributes to strong demand for its products.
On the other hand, last week, the owner of the Dow Jones index announced that Nvidia would replace Intel in this indicator on November 8 to guarantee “more representative exposure to the semiconductor industry”.
Omicrono
Meanwhile, Apple shares on the New York Stock Exchange have risen 17% so far this year: the company was the first to reach a market capitalization of $1 million and, later, $2 million, according to the specialized portal CNBC.
Currently, the five companies that dominate the ranking of the largest listed companies are all from the technology sector: Nvidia is followed by Apple, Microsoft, Amazon and Alphabet.
