Nvidia, Apple and Microsoft compete for global leadership as most valuable companies; Tight race for the top intensifies since summer
The actions of Nvidia rose this Monday morning (4), increasing its market capitalization to more than that of Applemaking the chipmaker the largest company in the world.
Shares rose 1.6% on Monday morning, giving the Nvidia a market capitalization of around US$3.37 trillionslightly surpassing the previous leader Apple (AAPL) com US$3.36 trillion.
The actions of Apple retreated slightly on Monday after falling last week amid a technology sell-off and disappointing quarterly earnings.
A Nvidia ea Appletogether with software and cloud computing giant Microsoft (MSFT), have been competing for the title of the world’s most valuable company since the summer.
A Nvidia was named a component of the Dow Jones Industrial Average (DJIA) on Friday. THE Nvidia will replace rival Intel (INTC). The change will take effect before the market opens on November 8, according to the S&P Dow Jones Indiceswhich manages the index. (The paint company Sherwin-Williams (SHW) was also chosen to join the blue-chip index, replacing chemical giant Dow (DOW).)
A Nvidia was about a third the size of the Apple and from Microsoft at the beginning of the year, when its market value was US$1.2 trillion. Since then, robust demand for AI has driven the stock’s meteoric rise.
Tech giants like Microsoft, Amazon (AMZN), Alphabet (controller of Google, GOOG, GOOGL) e Meta (META) have committed to spending hundreds of billions of dollars this year and next on infrastructure, with much of that spending going toward the company’s semiconductors and servers. Nvidia needed to train and run AI models.
Stocks hit a headwind in mid-July when a range of factors, from recession fears to a rotation out of mega caps and into small cap stocks, and concerns about unsustainable AI spending, pressured technology stocks to pull back from their highs. historical.
The actions of Nvidia lost a quarter of their value between mid-July and mid-August, but renewed optimism about artificial intelligence and the resilience of the US economy USA revived the historic high of shares.
Source: https://www.ocafezinho.com/2024/11/04/nvidia-ultrapassa-a-apple-e-se-torna-a-maior-empresa-do-mundo/
