Latest news with #Chipmaker
BreakingNews.ie
7 days ago
- Business
- BreakingNews.ie
Nvidia becomes most valuable company in the world at 4 trillion dollars
Chipmaker Nvidia has become the first public company to top 4 trillion dollars (£3.45 trillion) in value after a two-year investor frenzy. Nvidia shares rose 2.5%, or 3.97 dollars (£2.92), in early trading on Wednesday, topping 164 dollars (£120) each. At the beginning of 2023, Nvidia shares were around 14 dollars (£10) each. Advertisement The poster child of the AI boom, Nvidia has grown into the largest company on Wall Street, surpassing Microsoft, Apple, Amazon and Google. Nvidia chief executive Jensen Huang (Sarah Meyssonnier/Pool via AP) The stock's movement carries more weight on the S&P 500 and other indexes than every company except Apple. Two years ago, Nvidia's market value was below 600 billion dollars (£441 billion). Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently, with the latest coming last week. Their explosion of profits has helped to propel the market despite worries about stubbornly high inflation and possible pain coming for the US economy from tariffs and other policies of President Donald Trump. Advertisement
Yahoo
7 days ago
- Business
- Yahoo
Chipmaker Nvidia becomes most valuable company in the world at $4 trillion
NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia has grown into largest company on Wall Street, surpassing Microsoft, Apple, Amazon and Goo — it is now worth over $3 trillion — and the stock's movement carries more weight on the S&P 500 and other indexes than every company except Apple. Two years ago, Nvidia's market value was below $600 billion. Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently, with the latest coming last week. Their explosion of profits has helped to propel the market despite worries about stubbornly high inflation and possible pain coming for the U.S. economy from tariffs and other policies of President Donald Trump. The Associated Press Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
7 days ago
- Business
- Associated Press
Chipmaker Nvidia becomes most valuable company in the world at $4 trillion
NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia has grown into largest company on Wall Street, surpassing Microsoft, Apple, Amazon and Goo — it is now worth over $3 trillion — and the stock's movement carries more weight on the S&P 500 and other indexes than every company except Apple. Two years ago, Nvidia's market value was below $600 billion. Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently, with the latest coming last week. Their explosion of profits has helped to propel the market despite worries about stubbornly high inflation and possible pain coming for the U.S. economy from tariffs and other policies of President Donald Trump.
CNN
7 days ago
- Business
- CNN
Nvidia beats Apple and Microsoft to become the world's first $4 trillion public company
Nvidia on Wednesday hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.49% on Wednesday to hit an intraday record high that pushed its market value above the $4 trillion mark. The chipmaker has soared 22% this year. This is a developing story and will be updated.
Wall Street Journal
02-07-2025
- Business
- Wall Street Journal
Advanced Micro Devices CEO to Get Raise, $33 Million Equity Award
Advanced Micro Devices AMD 1.77%increase; green up pointing triangle Chief Executive Lisa Su is getting a pay raise and an equity award with a target value of $33 million. The chipmaker on Wednesday disclosed its executive team's pay packages for the fiscal year ahead, which included bumping its chief executive's base salary to $1.32 million from $1.26 million.
