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Nvidia earnings spark rare share price fall across US tech stocks | Business News
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US tech stocks are falling despite Nvidia, the chipmaker driving the artificial intelligence (AI) led stock market boom, reporting stronger than expected earnings. The company, which has been the darling of US markets with shares up 150% this year alone, reported second quarter revenue of just over $30bn – more than double the sum achieved…
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Nvidia share price plunge has one major explanation | Business News
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Just one week ago, Nvidia became the world’s most valuable company. The chipmaker – whose shares had risen nine-fold since the end of 2022 – overtook Microsoft as its stock market valuation reached $3.34trn (£2.63bn). Since then, the shares have fallen by 13%, declining in each of the last three trading sessions. That has been…
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Microsoft regains title of world’s most valuable public company from Nvidia | Business News
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Microsoft has regained the title of the world’s most valuable public company just days after it was overtaken by one of its rivals. Computer chip maker Nvidia lost its hold on the top spot after its shares slipped by 3.5% in the US on Thursday, leaving the company valued at $3.2trn (£2.5trn). Microsoft’s shares also…
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A lucky bet and unlimited coffee: How Nvidia became the world’s most valuable company | Business News
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Name any major tech brand – from Google to Amazon to Tesla to ChatGPT – and the chances are Nvidia is involved in some way. The company – which makes computer chips – may not be a household name in the UK, but it has just leapfrogged Microsoft and Apple to become the most valuable…
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A lucky bet and unlimited coffee: How Nvidia become the world’s most valuable company | Business News
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Name any major tech brand – from Google to Amazon to Tesla to ChatGPT – and the chances are Nvidia is involved in some way. The company – which makes computer chips – may not be a household name in the UK, but it has just leapfrogged Microsoft and Apple to become the most valuable…
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Nvidia overtakes Microsoft to become world’s most valuable public company | Business News
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Microsoft has been dramatically toppled as the world’s most valuable public company. Nvidia, which had only overtaken Apple for the number two spot earlier this month, dethroned Microsoft during trading on Tuesday as its shares rose by more than 3%. The stock has risen more than 170% this year given the chipmaker’s leading position in…
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Nvidia overtakes Apple as world’s second most valuable company | Business News
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The world has a new second most valuable public company – the AI microchip maker Nvidia. Riding the artificial intelligence (AI) boom – Nvidia’s share price has risen to the extent that it’s now worth more than $3trn (£2.34trn) and overtaken Apple. Only Microsoft is a more valuable company listed on a stock exchange, while…
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Tech shares race ahead as Nvidia delights with AI-driven doubling of revenue | Business News
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The US tech firm that dominates the market for chips used in artificial intelligence (AI) has delighted investors with a doubling in quarterly revenue, promising more of the same in future. Nvidia shares gained almost 10% in after-hours trading in New York on Wednesday night when it revealed a string of numbers that beat analysts’…
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AI chipmaker Nvidia joins tech giants to be worth $1trn | Business News
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A company that makes microchips for artificial intelligence (AI) has become the first chipmaker to be worth $1trn. Nvidia has joined the ranks of tech giants worth the eye-watering sum, including Amazon, Apple, Microsoft, and Google parent company Alphabet, as investors expect the company will benefit from the AI revolution. It makes chips that are…