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Nvidia’s valuation reaches $3.65t, surpassing Apple’s record
Nvidia’s shares rose significantly, making it the first company to reach a market valuation over US$3.6 trillion.
The surge in stock prices occurred after a 2.2% increase on Thursday during a wider market uptrend. The increase led Nvidia to achieve a market valuation of US$3.65 trillion, surpassing Apple’s previous record of US$3.57 trillion.
Apple’s stock also rose by 2.1% on the same day, pushing its market value to US$3.44 trillion.
The S&P 500 technology index saw an over 4% rise across two sessions, coinciding with the recent United States presidential election results.
Recent Nvidia developments
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04-Nov-2024 🔈 Nvidia CEO asks SK Hynix to speed up new AI chip deliveries
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04-Nov-2024 📈 Nvidia to replace Intel in Dow Jones index
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28-Oct-2024 💻 Nvidia overtakes Apple as world’s most valuable company
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25-Oct-2024 🤖 Nvidia partners with Reliance to grow India’s AI sector
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22-Oct-2024 🤝 Nvidia, Microsoft grow global AI healthcare startup aid
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