Forbes October 26, 2024
This week, Nvidia finally poked its head briefly above the stock value of the dominant Apple empire, before settling back down to market value of $3.47 trillion with Apple’s value at $3.52 trillion.
AP reporting shows how close this is, with a chart showing Nvidia’s rise against Apple and Microsoft, the other two dominant tech companies.
“The Silicon Valley chipmaker is the dominant supplier of processors used in AI computing, and the company has become the biggest winner in a race between Microsoft, Alphabet, Meta Platforms and other heavyweights, to dominate the emerging technology,” write AP reporters Sruthi Shankar and Noel Randewich. “Known since the 1990s as a designer of processors for videogames, Nvidia’s stock has risen about 18% so...
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