Welcome to News Discussion's Private Community

Nvidia has taken the lead from Apple to become the world's most valuable company, thanks to high demand for its AI supercomputing chips. Nvidia's market value hit $3.53 trillion, just ahead of Apple's $3.52 trillion. This shift highlights Nvidia's key role in the AI industry.

Nvidia Becomes World's Most Valuable Company - Looma News

Nvidia Is Now World's Most Valuable Company

Software Engineer

Nvidia Is Now World's Most Valuable Company- Grapevine

- **Nvidia** dethroned **Apple** as the world's most valuable company on Friday, with its stock market value briefly touching **$3.53 trillion**.
- The surge is driven by high demand for Nvidia's new **supercomputing AI chips**.
- Nvidia's stock has risen about **18%** in October, boosted by **OpenAI's** $6.6 billion funding round.
- Nvidia's shares hit a record high, supported by **TSMC's** 54% jump in quarterly profit.
- The next big test will be Nvidia's third-quarter results in November, with forecasted revenue of **$32.5 billion**.

Source: [Mint](https://www.livemint.com/market/stock-market-news/nvidia-mcap-hits-3-53-trillion-on-ai-frenzy-dethrones-apple-to-become-worlds-most-valuable-company-11729875255638.html), [Times Now News](https://www.timesnownews.com/business-economy/companies/nvidia-dethrones-apple-as-worlds-most-valuable-company-article-114594179), [Hindustan Times](https://www.hindustantimes.com/business/nvidia-overtakes-apple-to-become-the-worlds-most-valuable-company-for-the-second-time-this-year-101729874178737.html)

Nvidia Overtakes Apple as Most Valuable Company

Journalist

Nvidia will take Intel's place on the Dow Jones Industrial Average, marking a big change in the semiconductor world. This shift ends Intel's 25-year run on the index and shows how it's struggling in the market as competition grows and it misses chances in the AI field.

Nvidia's Valuation Soars To $3.32 Trillion: Replaced Intel On The Dow Jones - Looma News

Nvidia's Valuation Soars to $3.32 Trillion: Replaced Intel on the Dow Jones

Welcome to Indian Startups's Private Community

Nvidia had reached 1 trillion market cap

This comes as the US announced plans to cut off more exports of advanced chips to China, in a blow to Nvidia.

Nvidia and Foxconn to build 'AI factories' together - BBC News

NVIDIA is probably the biggest company of the future

Product Marketing Manager

- Nvidia is set to replace Intel on the Dow Jones Industrial Average next week.
- Intel's shares have dropped 54% this year, making it the worst performer on the index.
- Nvidia's rise highlights the shift in the chipmaking market and its role in AI technologies.
- Intel has lost its manufacturing edge to TSMC and missed out on the AI boom.
- Nvidia's shares have more than doubled this year, reflecting its strong market position.

Source: [Benzinga](https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run), [Oregon Local News](https://www.oregonlive.com/silicon-forest/2024/11/intel-loses-its-spot-on-the-dow-jones-industrial-average-to-rival-nvidia.html), [Cnn](https://www.cnn.com/2024/11/01/business/intel-dow-nvidia/index.html)

Nvidia Replaces Intel on Dow Jones

Nvidia crosses $3 Trillion in market cap. They crossed Apple.

Product Owner

Feels a lot like the transition from Intel to Google. Software follows Hardware, and then gives multiple times returns.

Investment Associate

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Subscribe to read | Financial Times

Nvidia is GOAT

Operations Manager

Welcome to Software Engineers's Private Community

In a race to AGI, Tech giants are prioritizing compute over hiring techies. 

Google also plans to spend 25 billion $ to build one zettaflops (1000 exaflops) of compute....  

Tesla plans to have compute of around 100 exaflops by around October 2024...

Same case with Microsoft. 

https://www.theverge.com/2024/1/18/24042354/mark-zuckerberg-meta-agi-reorg-interview

Meta to operate "600000 H100 GPU equivalents of compute" worth 18 billion $ by year-end for open source AGI. This explains cost cutting by tech giants.

- Apple and Nvidia reportedly discussing investment in OpenAI's new funding round
- Thrive Capital expected to lead with $1 billion investment
- Microsoft, OpenAI's largest investor, likely to participate
- OpenAI's ChatGPT integration boosting Apple's AI strategy
- AI arms race driving high valuations and investments across industries 

 Source: [The Hindu](https://www.thehindu.com/sci-tech/technology/apple-nvidia-in-talks-to-join-openai-funding-round-reports-say/article68584312.ece/amp/)

Nvidia Is Now World's Most Valuable Company

Discover More

News Discussion on

by Dezi Olive

Grapevine

Nvidia Overtakes Apple as Most Valuable Company

News Discussion on

by Isaiah Olive

Paytm

Nvidia's Valuation Soars to $3.32 Trillion: Replaced Intel on the Dow Jones

Indian Startups on

by Karilyn Olive

Stealth

Nvidia had reached 1 trillion market cap

News Discussion on

by Karilyn Carmden

TCS

NVIDIA is probably the biggest company of the future

News Discussion on

by Karilyn Lee

Grapevine

Nvidia Replaces Intel on Dow Jones

News Discussion on

by Jordon Lee

Cred

Nvidia crosses $3 Trillion in market cap. They crossed Apple.

News Discussion on

by Isaiah Denver

Venture Capital

Feels a lot like the transition from Intel to Google. Software follows Hardware, and then gives multiple times returns.

News Discussion on

by Kalan Carmden

BYJU'S

Nvidia is GOAT

Software Engineers on

by Jordon Dean

Google

Meta to operate "600000 H100 GPU equivalents of compute" worth 18 billion $ by year-end for open source AGI. This explains cost cutting by tech giants.

News Discussion on

by Kalan Lee

Grapevine

Apple and Nvidia in Talks to Invest in OpenAI, Valuation Could Exceed $100 Billion