NVIDIA became more expensive than Apple due to AI hype
12.06.24
NVIDIA’s revenue growth, driven by a boom in artificial intelligence technology, has caught the attention of investors, contributing to a significant increase in the value of the company’s shares. Over the past year, NVIDIA shares have grown several times, and last winter the company entered the top three technology companies by market value.
NVIDIA currently ranks second on this list, overtaking Apple Corporation with a market value of $3 trillion.
According to the results of yesterday’s trading, the value of NVIDIA shares increased to $1224.4, which increased the company’s market capitalization to a record mark of $3.01 trillion.
In February, the market value of NVIDIA was about $2 trillion. The company is now second only to Microsoft, whose market capitalization is $3.15 trillion. NVIDIA may overtake Microsoft in the coming months.
Last quarter, NVIDIA ended with a record revenue of $26 billion, which is more than 3.5 times higher than the same period last year. In the current quarter, the company plans to break the record, counting on a turnover of about $28 billion.
Don't miss interesting news
Subscribe to our channels and read announcements of high-tech news, tes
Oppo A6 Pro smartphone review: ambitious
0 
Creating new mid-range smartphones is no easy task. Manufacturers have to balance performance, camera capabilities, displays, and the overall cost impact of each component. How the new Oppo A6 Pro balances these factors is discussed in our review.
Top news of 2025 on hi-tech.ua
0 
Our editorial team traditionally sums up the results every year. We recently showcased the editors’ top devices. Now it’s time to share the top news stories from hi-tech.ua in 2025.
Game giveaways on the Epic Games Store boost their sales on Steam business games
Indie shooter Blood West’s free distribution on the Epic Games Store led to a dramatic increase in its sales on Steam. On the day of launch, sales on Valve’s platform increased by about 200%.
Kyivstar overtook Vodafone and lifecell in mobile internet speed Kyivstar lifecell Vodafone
Independent platform for testing and analyzing the performance of Internet connections nPerf has identified the operator with the fastest mobile Internet in Ukraine by the end of 2025