Latest news with #MarketValue
CBS News
09-07-2025
- Business
- CBS News
Nvidia becomes first company to surpass $4 trillion in market valuation
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 the most valuable company in the world, surpassing Microsoft, Apple, Amazon and Google parent Alphabet. 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. In its most recent quarter, Nvidia overcame tariff-driven turbulence to deliver another quarter of robust growth amid feverish demand for its high-powered AI chips. Nvidia earned $18.8 billion, or 76 cents per share, in the period, a 26% increase from the same time last year. Revenue surged 69% from a year ago to $44.1 billion. If not for a $4.5 billion charge that Nvidia absorbed to account for the U.S. government's restrictions on its chip sales to China, Nvidia would have made 96 cents per share, far above the 73 cents per share envisioned by analysts. Nvidia reports its second-quarter results next month. Wall Street is expecting another quarter of record sales and profit for the Santa Clara, California, company. 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. 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.
ABC News
25-06-2025
- Business
- ABC News
Live updates: Australian share market to fall, Nvidia hits record high, oil prices gain
A mixed session on Wall Street is likely to send Australian stocks lower, while oil prices rise, snapping three straight sessions of losses. Meanwhile, shares of chip-maker Nvidia touched a record high, lifting its market value to $US3.75 trillion ($5.76 trillion) and making it the world's most valuable company. We'll bring you the latest on what's happening on the markets throughout the day in our live blog. Disclaimer: this blog is not intended as investment advice.
Bloomberg
24-06-2025
- Business
- Bloomberg
Chip Designer Ambarella Explores Potential Sale
By and Dinesh Nair Updated on Save Chip design company Ambarella Inc. is considering options including a potential sale, according to people familiar with the matter. Ambarella, which is working with bankers, has reached out to potential buyers, said the people, who asked not to be identified discussing private information. The company, whose stock rose as much as 20% on the news, has a market value of about $2.6 billion.
Forbes
12-06-2025
- Business
- Forbes
The United States' Largest Companies 2025: JPMorgan Leads The Way As U.S. Remains World's Dominant Country
American companies on the Global 2000 make up the majority of the $91 trillion in market value on the entire list. getty In Warren Buffett's last annual letter as Berkshire Hathaway's CEO this year, he wrote, 'Berkshire would not have achieved its results in any locale except America,' and there's little doubt that he's right. In a land of increasing polarization and too much inequality, there is still no better land of opportunity than the United States. Globalization has lifted up the rest of the world for decades, but American dominance on Forbes' annual Global 2000 list remains unchallenged. There are 612 U.S.-based companies on the list ranking the world's 2,000 largest public companies, far more than the closest rival in China, which has 317 firms represented. While the U.S. put 776 companies on the inaugural Global 2000 list in 2003, that number declined sharply to a low of 536 in 2010, calling into question whether the U.S. was in a state of decline as the world's economic superpower. But for the last 15 years, the U.S. has stopped and reversed that trend thanks to a prolonged bull market with only a couple brief bumps in the road. JPMorgan is ranked as the largest company on the global list for the third year in a row, with 12-month sales ($285 billion), profits ($59 billion), assets ($4.4 trillion) and market capitalization ($678 billion) all growing to new all-time highs since last year. The Global 2000 ranks companies using those four metrics with equal weights, using the last 12 months of available data and market prices as of April 25 this year. The U.S. is home to six of the top 10 companies on the Global 2000—Berkshire Hathaway, Amazon, Bank of America, Microsoft and Alphabet all join JPMorgan for the second straight year—and 15 of the top 25 overall. Much of that concentration at the top is a credit to its thriving stock market, even as many international markets are reversing a long run of underperformance this year. Seven of the world's eight trillion-dollar companies are still based in the U.S. (energy giant Saudi Aramco is the only international one). The 612 American companies on the list are worth a total of $50 trillion in market value, the majority of the $91 trillion all 2,000 companies account for despite making up less than one-third of the list. The separation between the haves and have-nots entrenched many of the highest-ranked companies on the list without much movement in their ranks, but Donald Trump's tariff policies could create more uncertainty and volatility for the rest of the year. Many CEOs have directly criticized the tariffs, including JPMorgan's Jamie Dimon warning in his annual letter that they would likely increase inflation and slow down growth. Walmart's Doug McMillon said on his first-quarter earnings call that higher tariffs would lead to higher prices, and Buffett said at Berkshire's annual meeting that 'trade should not be a weapon.' The status quo has helped all of their companies flourish and grow their global footprints. But business leaders who were looking forward to an era of tax cuts and deregulation to continue that trajectory have been disappointed by Trump's focus instead on economic populism and isolationism. The uncertainty has also caused a dearth of landmark IPOs in the last year. The highest-ranked new American company on the list, Arlington, Virginia-based natural gas exporter Venture Global, is ranked 870th and fell as much as 70% in the months following its January IPO. It remains 32% lower than its offering price. AI cloud computing firm CoreWeave, which went public in March, is ranked 1,799th, though it likely would have been much higher if not for the April 25 cutoff date for the list, with its stock up 250% to a current market cap of $70 billion in the weeks since then.
Reuters
06-06-2025
- Business
- Reuters
Tesla shares rise as Politico reports Musk-White House to hold call
LONDON, June 6 (Reuters) - Tesla shares listed in Frankfurt rose 5.6% on Friday after Politico reported White House aides have scheduled a call with CEO Elon Musk to broker peace after a public feud with U.S. President Donald Trump. Trump threatened to cut off government contracts to Musk's companies, while Musk suggested Trump should be impeached, turning their relationship into an all-out brawl on social media. Tesla shares closed down 14.3% on Thursday in New York, losing about $150 billion in market value.
