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New York (AFP) - Nvidia edged out other tech giants Tuesday to become the world's most valuable publicly traded company, a rise that also helped lift the Nasdaq to a seventh straight record close. Nvidia's feat came on an up day for most global equity markets in spite of lackluster economic data in the United States and Germany and lingering unease about upcoming political elections in France. All three major US stock indices climbed, along with bourses in Paris, Frankfurt, London and Tokyo. Nvidia, which has enjoyed a monumental ascent over the last 18 months amid enthusiasm over generative a...
AFP
New York (AFP) - Nvidia edged ahead of other tech companies Tuesday to become the world's most valuable publicly traded company in the latest sign of the might of artificial intelligence. The chip company, which has enjoyed a monumental ascent over the last 18 months amid enthusiasm over generative AI, jumped 3.4 percent near 1:25 pm (1725 GMT), giving it a market capitalization of about $3.3 trillion, slightly ahead of Microsoft and Apple. The California-based company, which is led by Jensen Huang, has seen profits soar due to torrid demand for its powerful GPU chips, which have set the indus...
AFP
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GameStop, the videogame and console retailer, witnessed a huge plunge in stock price despite a vocal pandemic-era viral supporter attempting to rally investors. The person known as “Roaring Kitty” or Keith Gill took to YouTube to stream about the stock, commonly known as a “meme stock.” This type of stock sees viral popularity due to heightened social sentiment or a cultural event. This person was responsible for the trading frenzy during the pandemic for GameStop stock but couldn’t repeat the feat after live streaming the company’s most recent financial earnings. GameStop Stock on the slideDe...
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