Market updates and forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Nvidia passes Apple in market cap as second-most valuable public U.S. company


June, 06 2024
watermark Economic news

Since the beginning of the year, shares of the American manufacturer of graphics processors Nvidia have soared by 148.6%, which allowed the company to overtake Apple in capitalization. This success is attributed to the boom in artificial intelligence and the high demand for chips needed for AI to work.


Nvidia shares rose 5.2% in trading on June 5, which provided the company with a capitalization of $3.01 trillion, while Apple ended the session with a market value of $3 trillion.


The last time Nvidia was more expensive than Apple was back in 2002, even before the release of the first iPhone. Now Nvidia is second in capitalization only to Microsoft, which is estimated at $3.15 trillion, lagging behind by $140 billion. Meanwhile, Apple is just beginning its steps in the field of AI and is facing falling demand in China.


Market experts note that Nvidia took only 66 trading sessions to increase its capitalization from $2 trillion to $3 trillion, which is much faster than Apple and Microsoft managed. According to Dow Jones data, Apple overcame this path in 719 trading sessions, and Microsoft in 650.


Feedback

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.