By Admin 
Nvidia: The shares of the semiconductor chip making company NVIDIA on Wednesday got a wonderful bounce. On this day, the company’s stock rose by more than 4 percent, causing its market cap to reach $ 3.763 trillion. With this, Nvidia became the most valuable company in the world, overtaking Microsoft. Microsoft is the second most valuable company in the world with a market cap of $ 3.658.
Why NVIDIA shares rose?
Nvidia’s share touched a new record high level of $ 154.10 with a 4.33 percent lead during trading on Wednesday. This boom in Nvidia shares came after the Loop Capital report, which increased the target price on the company’s shares from $ 175 to $ 250. This research firm also retained its ‘Buy’ rating on the stock. Reuters, quoting Loop Capital analyst Anand Barua, said in their report, Artificial Intelligence (AI) is taking entry into the ‘Golden Wave’ to adopt market generative AI with increasing use of Artificial Intelligence (AI). In such a situation, the demand of Nvidia is stronger than the estimate.
These three companies are giving a competition to each other
NVIDIA, Microsoft and Apple are constantly competing with each other in the competition to become the world’s most valuable company. Recently, Microsoft became the most valuable company in the world by beating NVidia in early June, but now NVIDIA is on top again. On Wednesday, Apple is ranked third with a market cap of about 3.010 trillion with a growth of 0.63 percent at the stock price. Let’s take a look at the list of 10 most valuable companies in the world-
World’s most vanuable companies
- Nvidia – 3.763 trillion dollars
- Microsoft – 3.658 trillion dollars
- Apple – 3.010 trillion dollars
- Amazon – 2.250 trillion dollars
- Alphabet (Google’s parent company) – 2.075 trillion dollars
- Meta Platform (Facebook) – 1.781 trillion dollars
- Saudi Aramco – 1.569 trillion dollars
- Broadcom – 1.244 trillion dollars
- TSMC (Taiwan Semiconductor) – 1.155 trillion dollars
- Tesla – 1.055 trillion dollars
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