After jumping 6.75% this week, Nvidia ( NVDA 4.43%) took the baton from Apple ( AAPL 0.53%) as the world's most valuable company, with a market cap of $3.60 trillion. The switch comes partly fueled by the positive news out around the Stargate project.
Nvidia is once again the most valuable U.S. company, outranking Apple for the first time since late November. The chip maker ended Tuesday with a market capitalization of $3.449 trillion, according to Dow Jones Market Data.
Former House Speaker Nancy Pelosi disclosed several new stock trades involving Big Tech names like Nvidia, Apple, Alphabet and Amazon that occurred in the last month.
Nvidia’s market valuation surpassed Apple’s on Tuesday, making it the world’s most valuable publicly traded business once more. TakeAway Points: Nvidia’s market valuation overtook Apple’s, making it the world’s most valuable publicly traded business once more.
Apple stock has continued to run higher while its sales and earnings growth dramatically slowed, especially in the last two years. Over the last five years, the stock price is up 262%, revenue is up just 45.9%, and diluted earnings per share (EPS) increased by 90.5%.
The Taiwanese company foresees spending $38 billion to $42 billion on technology and capacity upgrades this year, exceeding the $35.2 billion estimate
Pelosi's latest stock trades reveal new bullish bets on Alphabet and Amazon, while trimming Apple and Nvidia holdings
What exactly is UALink? Simply put, UALink is an industry effort to compete with Nvidia’s dominance in AI hardware. Specifically, the standard aims to compete with Nvidia’s proprietary NVLink technology. This piece from Tom’s Hardware last fall explains:
Paul Pelosi’s trades include purchase of shares of an artificial intelligence company that has seen its stock soar nearly 50% in the last week.
Shares of AMD have not experienced the same type of gains as those of rival Nvidia, but that could change over the next few years.
Nvidia (NASDAQ: NVDA) hasn't been on sale much during the last few years. Nvidia has been one of the largest beneficiaries of the artificial intelligence (AI) competition. Its graphics processing units (GPUs) are best-in-class products and crucial to creating these powerful AI models.