Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Nvidia topples Microsoft as world's most valuable company By: FOX Business June 18, 2024 at 13:58 PM EDT Nvidia shares are showing no signs of cooling off as investors double down on the chipmaker's dominance in leading the artificial intelligence race. Nivdia is now the world’s most valuable company, unseating Microsoft as investors bet its AI dominance will remain unmatched for now. The chipmaker’s market value crossed $3.33 trillion Tuesday, surpassing the software giant’s $3.32 trillion. Apple, which was unseated by both, has a market value of $3.327 trillion. Despite the gains, the trio are neck-and-neck. "We continue to believe this is a stock or company that can continue to grow the earnings trajectory over the next five years by north of a 30% annualized pace" said CFRA research analyst Angelo Zino during an appearance on Varney & Co. Zino raised his price target to $139 per share. The stock, already this year, has gained over 174%. NVIDIA'S CEO JENSEN HUANG A BIG HIT IN TAIWANNvidia is also fresh off its 10-for-1 stock split which began trading on June 10. Mutual fund managers and various exchange-traded funds, are also adjusting for the split which could be contributing the trading action. Related Stocks: NVIDIA Corp Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Nvidia topples Microsoft as world's most valuable company By: FOX Business June 18, 2024 at 13:58 PM EDT Nvidia shares are showing no signs of cooling off as investors double down on the chipmaker's dominance in leading the artificial intelligence race. Nivdia is now the world’s most valuable company, unseating Microsoft as investors bet its AI dominance will remain unmatched for now. The chipmaker’s market value crossed $3.33 trillion Tuesday, surpassing the software giant’s $3.32 trillion. Apple, which was unseated by both, has a market value of $3.327 trillion. Despite the gains, the trio are neck-and-neck. "We continue to believe this is a stock or company that can continue to grow the earnings trajectory over the next five years by north of a 30% annualized pace" said CFRA research analyst Angelo Zino during an appearance on Varney & Co. Zino raised his price target to $139 per share. The stock, already this year, has gained over 174%. NVIDIA'S CEO JENSEN HUANG A BIG HIT IN TAIWANNvidia is also fresh off its 10-for-1 stock split which began trading on June 10. Mutual fund managers and various exchange-traded funds, are also adjusting for the split which could be contributing the trading action. Related Stocks: NVIDIA Corp