NVIDIA holds the third place by capitalization
11.03.24
NVIDIA shares during the new week continued its rise after reaching a market capitalization of $2 trillion at the end of last week. With the price strengthening by 3.61% to $852.52 apiece, the company’s shares made it the world’s third-largest capitalization, overtaking Saudi Aramco, whose capitalization fell to $2.01 trillion.
Until the end of February, NVIDIA was third only within the American market, and Saudi Aramco occupied this position in the global ranking. Since the beginning of the year, NVIDIA shares have increased by 72.12%, increasing the company’s capitalization to 2.13 trillion. It remains behind Apple and Microsoft, but now bypasses Saudi Aramco.
During this period, Saudi Aramco’s shares fell by more than 5% due to OPEC+’s decision to reduce oil production to stabilize prices. The capitalization gap between the two companies isn’t too wide yet, but NVIDIA shares continue to rise amid investor expectations for growth in the artificial intelligence business.
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.
Oppo Reno16 Pro 5G smartphone review: well-heeled
0 
Oppo Reno16 Pro 5G looks like a balanced smartphone, in which the manufacturer tried not to make a single characteristic the defining one. It has many advantages. Let’s tell you what
Xiaomi 17 Max: Affordable Leica-Powered Camera Phone That Outshines Flagships
The Xiaomi 17 Max demonstrates how mid-range capabilities can compete with top-tier Samsung and Apple solutions. Thanks to its partnership with Leica and impressive hardware, the device offers an excellent camera at an attractive price.
Cube Stereo Hybrid ONE22 SLX 800 FE: 120Nm Torque and 800Wh Battery for City and Trails
Cube has introduced a versatile full-suspension e-bike designed for both commuting and recreation. The new model features a top-tier Bosch motor, an 800Wh battery, and is fully equipped for urban use.