Nvidia passes Apple in market cap as second-most valuable public U.S. company
Publishing timestamp: 2024-06-05 16:16:54
Summary
Nvidia surpassed Apple in market cap and is now the second-most valuable public company behind Microsoft. Nvidia hit a $3 trillion market cap milestone after shares rose over 5%. Investors are betting on the chipmaker behind the artificial intelligence boom, with its data center business showing significant growth. Meanwhile, Apple's sales growth has stalled, and the company faces strategic questions and issues.
Sentiment: POSITIVE
Keywords: breaking news: technology, mobile, business news, earnings, technology, nvidia corp, apple inc, artificial intelligence, business,
Source: https://www.cnbc.com/2024/06/05/nvidia-passes-apple-in-market-cap.html