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Nvidia overtakes Apple after hitting R57 trillion market cap
Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion (R56 trillion) in market capitalization.
The shares of the Santa Clara, California-based firm have rallied roughly 147% this year, adding about $1.8 trillion (R34 trillion) as the insatiable demand for its chips used to power artificial intelligence tasks skyrockets.
Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion (R56 trillion) in market capitalization.
The shares of the Santa Clara, California-based firm have rallied roughly 147% this year, adding about $1.8 trillion (R34 trillion) as the insatiable demand for its chips used to power artificial intelligence tasks skyrockets.