Nvidia’s market cap jumped $220 billion in an hour
[ad_1]
Nvidia has left behind other chip makers in terms of market cap. AMD has a total market cap of $175 billion, Intel $120 billion and Micron $73 billion. That is, Nvidia added more market cap in one hour than the combined value of the combined market of Intel and Micron. Nvidia’s revenue has increased by 19 percent compared to the previous quarter. Due to the result of the company, the shares of other companies related to AI also saw a lot of growth.
Most Valuable Company
iPhone maker Apple is the world’s most valuable company in terms of market cap. Its market cap is $ 2.702 trillion. Microsoft is at number two with a market cap of $2.333 trillion. Saudi Aramco is third with $2.065 trillion, Google’s parent company Alphabet is fourth with $1.539 trillion and Amazon is fifth with $1.197 trillion. Warren Buffet’s company Hathaway Berkshire is at number seven with $700.60 billion and Meta Platforms (Facebook) at number eight with $638.65 billion. Reliance Industries is at number 49 with $198.47 billion. Walmart is the largest company in the world by revenue.
[ad_2]
Source link
