Nvidia reclaimed market value pole position in June
reclaimed the top spot among the most valued companies worldwide in June, as its shares were supported by renewed optimism over its leadership in
artificial intelligence
and expectations of surging demand for its AI chips.
The chipmaker's market value stood at $3.86 trillion at the end of June, about 4.3% higher than Microsoft Corp's $3.69 trillion valuation.
However, Nvidia's market value has yet to surpass Apple Inc's record high of about $3.92 trillion set in December 2024. Apple, with a market capitalization of $3.1 trillion, ranked as the third most valuable company at the end of last month.
Meta Platforms
Inc, Broadcom Inc, and Amazon.com Inc saw their market values rise by 14%, 13.9%, and 7% respectively last month, reaching $1.86 trillion, $1.3 trillion, and $2.33 trillion.
The market value of Tesla Inc dropped 8.3% to $1.02 trillion last month, with sentiment hit by CEO Elon Musk's feud with U.S. President Donald Trump.
"We believe both Nvidia and Microsoft will hit the $4 trillion market cap club this summer and then over the next 18 months the focus will be on the $5 trillion club ... as this tech bull market is still early being led by the AI Revolution," said Daniel Ives, an analyst at Wedbush Securities.
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India Today
an hour ago
- India Today
Nvidia to become world's most valued company ever with $3.9 trillion market cap
Nvidia NVDA.O was on track to become the most valuable company in history on Thursday, with the chipmaker's market capitalisation reaching $3.92 trillion as Wall Street doubled down on optimism about of the leading designer of high-end AI chips were up 2.2 per cent at $160.6 in morning trading, giving the company a higher market capitalisation than Apple's AAPL.O record closing value of $3.915 trillion on December 26, newest chips have made gains in training the largest artificial-intelligence models, fuelling demand for products by the Santa Clara, California, company. Microsoft MSFT.O is currently the second-most valuable company on Wall Street, with a market capitalisation of $3.7 trillion as its shares rose 1.5 per cent to $ rose 0.8 per cent, giving it a market value of $3.19 trillion, in third place.A race among Microsoft, AMZN.O, Meta Platforms META.O, Alphabet GOOGL.O and Tesla TSLA.O to build AI data centres and dominate the emerging technology has fuelled insatiable demand for Nvidia's high-end processors."When the first company crossed a trillion dollars, it was amazing. And now you're talking four trillion, which is just incredible. It tells you that there's this huge rush with AI spending and everybody's chasing it right now," said Joe Saluzzi, co-manager of trading at Themis stock market value of Nvidia, whose core technology was developed to power video games, has increased nearly eight-fold over the past four years, from $500 billion in is now worth more than the combined value of the Canadian and Mexican stock markets, according to LSEG data. The tech company also exceeds the total value of all publicly listed companies in the United recently traded at about 32 times analysts' expected earnings for the next 12 months, below its average of about 41 over the past five years, according to LSEG data. That relatively modest price-to-earnings valuation reflects steadily increasing earnings estimates that have outpaced Nvidia's sizeable stock company's stock has now rebounded more than 68 per cent from its recent closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. US stocks, including Nvidia, have recovered on expectations that the White House will cement trade deals to soften Trump's holds a weight of nearly 7.4 per cent on the benchmark S&P 500 . POSTER CHILDNvidia's swelling market capitalisation underscores Wall Street's big bets on the proliferation of generative AI technology, with the chipmaker's hardware serving as the in 1993 by CEO Jensen Huang, Nvidia has evolved from a niche company popular among video game enthusiasts into Wall Street's barometer for the AI stock's recent rally comes after a slow first half of the year, when investor optimism about AI took a back seat to worries about tariffs and Trump's trade dispute with startup DeepSeek in January triggered a selloff in global equities markets with a cut-price AI model that outperformed many Western competitors and sparked speculation that companies might spend less on high-end November of last year, Nvidia took over the spot on the Dow Jones Industrial Average formerly occupied by chipmaker Intel INTC.O, reflecting a major shift in the semiconductor industry toward AI-linked development and the graphics processing hardware pioneered by Nvidia.- EndsMust Watch
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First Post
an hour ago
- First Post
Donald Trump wanted 90 trade deals in 90 days. How many has he cracked?
US President Donald Trump shocked many people twice – first by announcing tariffs on dozens of countries in April and then announcing a 90-day pause a week later. But now the July 9 deadline is approaching for nations to come to trade agreements with America. So, how many countries have signed trade deals with Trump? Which others are in progress? read more US President Donald Trump delivering remarks on tariffs in the Rose Garden at the White House in Washington. Reuters US President Donald Trump shocked many in April when he announced the 'Liberation Day' tariffs on dozens of countries. Trump surprised many again when he, a week later, announced a 90-day pause on the tariffs in order to allow countries to negotiate bilateral trade deals. Trump had set a July 9 deadline for the nations to come to trade agreements with America. Top Trump officials had vowed to 'achieve 90 deals in 90 days'. STORY CONTINUES BELOW THIS AD But how many deals have actually materialised? Let's take a closer look: Done but… UK Despite his bluster, Trump has only managed to close a handful of deals – which critics have decried as small potatoes. The first is a pact with the United Kingdom signed last month. While Trump has touted this as a 'major trade deal', that would be greatly stretching the truth. This is in fact a 'mini-trade deal'. Trump has only signed an executive order reducing tariffs on certain British goods. This includes cutting a 25 per cent tariff on cars to 10 per cent for the first 100,000 vehicles. British Prime Minister Keir Starmer and US President Donald Trump shake hands at the White House. File image/Reuters The tariffs on British steel and aluminium are yet to be finalised. Trump had also imposed tariffs on products made from steel and aluminium such as gym equipment, furniture and machinery. The countries are also yet to reach an agreement on tariffs on pharma. The UK has done away with a 20 per cent tariffs on US beef imports. It also allowed 1.4 billion litres of ethanol to be imported tariff-free. Ethanol shipments to the UK from the United States were earlier taxed at 19 per cent. China The second is a face-saving agreement with China. China and the US have also reached a limited agreement – mostly to try to take a step back from the escalating trade war. The two countries initially held talks in Geneva in May. STORY CONTINUES BELOW THIS AD This came after China suspended exports of a wide range of critical minerals and magnets to the US in retaliation for Trump's tariffs. This allowed both countries to pause tariffs for 90 days while they tried to work out a larger deal. Trump in June claimed the United States had signed a deal with China but did not provide details. 'We just signed with China the other day,' Trump said at an event at the White House. China and the US have also reached a limited agreement – mostly to try to take a step back from the escalating trade war. A White House official claimed that the United States has reached an agreement with China on how to expedite rare earth shipments to the US during talks in London. Commerce Secretary Howard Lutnick too claimed the deal was 'signed and sealed'. However, he too did not provide any specific information. China merely said that the two countries have confirmed details on the framework of the Geneva trade talks. It said China would approve exports of controlled items but made no mention of rare earths. STORY CONTINUES BELOW THIS AD 'Following the London talks, the teams from both sides have maintained close communication,' a spokesperson for China's Ministry of Commerce said. 'Recently, with approval, both sides further confirmed the details of the framework.' China 'will review and approve applications for the export control items that meet the requirements in accordance with the law', the statement said. Details about the deal remain scarce. It remains to be seen if the world's largest economies can hammer out a larger trade deal. Vietnam Trump also announced a trade deal with Vietnam on Thursday. Trump, taking to social media, claimed that under the 'Great Deal of Cooperation", the US would charge Vietnam 20 per cent on tariffs. The US would also levy a 40 per cent tariff on goods that pass through Vietnam – a process known as 'trans-shipping'. Vietnam, meanwhile, would have zero tariffs on US products. Vietnam under the deal would have zero tariffs on US products. Adam Sitkoff, executive director of the American Chamber of Commerce in Hanoi, told the BBC the deal puts Vietnam 'in a good position'. 'Companies that ship from [Vietnam] to the US are going to keep doing it', Siktoff added. STORY CONTINUES BELOW THIS AD However, he said 'trans-shipping' is a 'a vague and often politicised term in trade enforcement' 'It's unclear how much illegal re-routing Vietnamese officials will even be able to catch, or how much exists', Sitkoff said. Work in progress India Trump and other top officials from both sides including Treasury Secretary Scott Bessent and External Affairs Minister S Jaishankar have repeatedly expressed optimism that a bilateral trade agreement (BTA) with India is close. Though the team from India led by chief negotiator Rajesh Aggarwal are huddled in intense discussions with US officials, key concerns remain. India, for example, wants to protect its dairy and agriculture industry. India's External Affairs Minister S Jaishankar. File image/PTI For the unversed, India has never opened up its dairy industry to foreigners. The US, on the other hand, is desperate to open up a new market for its goods. Experts say that a UK-style limited trade deal is likely to be reached. Canada Negotiations between the US and Canada, which Trump has frequently dubbed the '51st state', temporarily broke down. This came after Trump in a huff claimed Canada's Digital Services Tax (DST) is a " direct and blatant attack' on the United States. 'We are hereby terminating all discussions on trade with Canada, effective immediately,' Trump wrote on social media. 'We will let Canada know the tariff that they will be paying to do business with the United States of America within the next seven-day period.' STORY CONTINUES BELOW THIS AD The talks are slated to be restarted after Canada announced it was scrapping the tax on US firms. This revenue, which Canada generates from its digital users, would have impacted companies such as Google, Amazon, Meta and Apple. The talks are slated to be restarted after Canada announced it was scrapping the tax on US firms. 'Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians,' Canadian Finance Minister François-Philippe Champagne said in a statement. Canada says its expects to reach a deal with the US by July 21. Japan US officials including Trump had expressed optimism that a trade deal could be quickly and easily be reached with Japan. Indeed, Japan, an ally of the United States was one of the first countries to open negotiations with Trump on a possible trade deal. However, talks between the two countries seem to have hit a wall over automobiles – a key Japanese export on which the US has imposed a 25 per cent tariff. Trump is now also threatening a tariff on Japanese rice. STORY CONTINUES BELOW THIS AD Japan, an ally of the United States was one of the first countries to open negotiations with Trump on a possible trade deal. 'I have great respect for Japan, they won't take our rice, and yet they have a massive rice shortage,' Trump wrote on social media. 'We'll just be sending them a letter, and we love having them as a Trading Partner for many years to come.' He also falsely claimed that Japan does not buy both products from the United States. Japan, in fact, bought $298 million worth of rice and around 16,000 cars from the US. However, no deal with Tokyo appears imminent. Trump himself did not sound optimistic earlier this week. 'We've dealt with Japan. I'm not sure if we're gonna make a deal, I doubt it, with Japan,' Trump said. 'They and others are so spoiled from having ripped us off for 30, 40 years that it's really hard for them to make a deal.' Japan earlier this week said talks are on. Deputy Chief Cabinet Secretary Kazuhiko Aoki was quoted as saying, 'Japan will continue to engage vigorously in sincere and honest discussions toward the realization of an agreement that will benefit both Japan and the United States.' STORY CONTINUES BELOW THIS AD How much will America have to pay for Trump's tariffs? Analysis shows Trump's tariffs will cost US employers a healthy chunk of change. The study by JPMorganChase Institute puts the price tag at $82.3 billion This would impact companies whose annual revenue is between $10 million and $1 billion – which employ nearly a third of private sector US workers. President Donald Trump talks to workers as he tours US teel Corporation's Mon Valley Works-Irvin plant. File image/AP This is even worse if the original tariffs Trump had announced had remained in place. In that instance, the companies would have faced an additional burden of $187.6 billion. This would equate to shelling out around $2,000 extra per employee – or around three per cent of their payroll. Employers won't be the only ones suffering. Another study from Goldman Sachs said companies will pass on at least 60 per cent of their tariff costs to the consumer. Trump's theatrics growing stale? To many people, Trump's theatrics on tariffs are growing stale. Some, in fact, say they had expected Trump to reach these broad frameworks with countries and then brand them as trade deals. 'I would expect the White House will announce some number of frameworks that it's going to call trade deals, but do not meet anyone's ordinary understanding of that term,' Tim Meyer, a professor at Duke University law school who specialises in international trade, told Bloomberg. Others say countries are already beginning to look away from the United States. Kristina Fong, an economic affairs researcher at ISEAS-Yusof Ishak Institute, said China will be the first port of call for many nations. 'It's a very slow burn kind of momentum, but that's always been, I think, the underlying case,' Fong told Time Magazine Meanwhile, Trump's 'One Big Beautiful Bill' is massively unpopular with the public. Polls from multiple organisations show the bill receiving net disapproval ratings ranging from minus 19 per cent to minus 29 per cent. Elon Musk and Donald Trump have been going at it over the 'One Big Beautiful Bill'. Reuters CNN's senior data analyst Harry Enten said the public thingks the bill is 'awful and horrible'. Enten said the more people learn about it, the more they hate it. Meanwhile, Trump's poll numbers are said to be sinking. A new poll shows Trump's approval and disapproval ratings are at 40 and 56 per cent respectively. This comes as an expert from Harvard said that data shows that young men aged 18 to 29 are starting to turn on Trump. These developments make sense given the fact that Trump, in fact, is hampered by one simple fact – he has no authority to sign off on major trade deals. That power, along with the purse strings, lies in the hands of US Congress – which seems to have abandoned its authority completely in the era of Trump. It remains to be seen if Trump can turn things around at this point.
Time of India
an hour ago
- Time of India
Nvidia sets new record, leaves Apple and Microsoft behind to become first company in history to achieve this milestone
Nvidia has touched a staggering market value of $3.92 trillion on Thursday (July 3), positioning itself to become the most valuable company in history. This surge is fueled by Wall Street's optimism surrounding artificial intelligence (AI). The high-end AI chipmaker pushed its market capitalisation beyond Apple's previous record closing value of $3.915 trillion, set on December 26, 2024. According to news agency Reuters, the company's newest chips have been instrumental in training the largest AI models, driving an insatiable demand for its products. Currently, Microsoft holds the second spot with a market capitalization of $3.7 trillion, and Apple now sits in third place, with a market value of $3.19 trillion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Canadians Can Receive This Benefit in 2025 Canada Today Undo How Nvidia – not Google and Microsoft – is winning the AI race The competition among tech giants like Microsoft, Amazon, Meta Platforms, Alphabet (Google) and Tesla to build advanced AI data centers and lead in emerging AI technology has directly translated into an increased demand for Nvidia's specialised chips. Nvidia, whose core technology was initially developed for video games, has seen its stock market value skyrocket nearly eight-fold over the past four years, growing from $500 billion in 2021 to nearly $4 trillion. Nvidia's market cap is more than that of all publicly listed companies in Canada and Mexico combined Cirting LSEG data, the report says that Nvidia's current valuation surpasses the combined market cap of all publicly listed companies in both Canada and Mexico, and even exceeds the total value of all publicly traded companies in the United Kingdom. Nvidia's stock has also registered a powerful rebound, climbing over 68% from its recent low on April 4. That dip occurred when Wall Street reacted to US President Donald Trump's global tariff announcements. US stocks, including Nvidia, have since recovered on expectations that the White House will finalise trade deals to mitigate the impact of Trump's tariffs. OnePlus Nord 5 and OnePlus Nord CE 5: Unboxing and first look AI Masterclass for Students. Upskill Young Ones Today!– Join Now
