World
Nvidia topples Microsoft as world’s most valuable company
CFRA research analyst Angelo Zino discusses whether A.I. will continue to drive the tech sector on ‘Varney & Co.’
Chipmaker Nvidia is now the world’s most valuable company, unseating Microsoft as investors bet its AI dominance will remain unmatched for now.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| NVDA | NVIDIA CORP. | 131.01 | -0.87 | -0.66% |
| MSFT | MICROSOFT CORP. | 446.27 | -2.10 | -0.47% |
| AAPL | APPLE INC. | 216.67 | +4.18 | +1.97% |
The chipmaker’s market value crossed $3.34 trillion on Tuesday, surpassing Microsoft’s $3.32 trillion. Apple, which was unseated by both, has a market value of $3.27 trillion. Despite the gains, the trio are neck-and-neck.
“We continue to believe this is a stock or company that can continue to grow the earnings trajectory over the next five years by north of a 30% annualized pace,” said CFRA research analyst Angelo Zino during an appearance on “Varney & Co.”
Zino raised his price target to $139 per share. The stock, already this year, has gained more than 174%.
NVIDIA’S CEO JENSEN HUANG A BIG HIT IN TAIWAN
Nvidia is also fresh off its 10-for-1 stock split, which began trading on June 10. Mutual fund managers and various exchange-traded funds are also adjusting for the split which could be contributing to the trading action.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| SP500 | S&P 500 | 5483.12 | +9.89 | +0.18% |
| I:COMP | NASDAQ COMPOSITE INDEX | 17859.772505 | +2.75 | +0.02% |
The shares were the most active in both the S&P 500 and Nasdaq Composite – both indices are hovering at fresh-record highs.
Odegaard on fitness, free-kicks and Rambo reunion
After 21 years, Harajuku’s famous Lolita fashion and cosplay shop is permanently closing
America’s best foods and the world’s greatest pizza | CNN
From Joker: Folie à Deux to Francis Bacon: a complete guide to this week’s entertainment
Women’s T20 World Cup scenario: What India must do to qualify for semifinals after heavy defeat in opener against New Zealand | Cricket News – Times of India
This Country Sells Citizenship To Become World’s Most Climate-Resilient Island
Wynn Resorts says it gets UAE’s first gambling license
Southeast Asia Aviation Sees Surging Growth in Travel Industry , AirAsia Cambodia, Cathay Pacific add more flights – Travel And Tour World
Today’s daily horoscope for October 5, 2024
