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NVDA-NVIDIA CORP

Nvidia Surges Past Apple to Become World's Most Valuable Company with Market Cap of $3.53 Trillion Amid AI Demand Boom

Friday

08 November, 2024

Nvidia has surged ahead of Apple, achieving a staggering market cap of $3.37 trillion, fueled by the booming demand for its AI technology. As the company prepares to join the Dow Jones Industrial Average, can it maintain this momentum in an ever-evolving tech landscape?

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Key Takeaways
  • Nvidia is a frontrunner in AI and GPU markets, attracting interest from tech giants such as Microsoft and Google.
  • The company's stock has surged over 100% this year and 2700% since 2019, reflecting high investor trust.
  • Analysts anticipate a 44% rise in revenue for the next fiscal year, with AI revenue expected to reach $420 billion by 2027.
  • Joining the Dow Jones Industrial Average on November 8 will enhance Nvidia's market presence and reputation.
  • Nvidia's essential contribution to technology's future suggests a favorable outlook for investors.
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