The American semiconductor giant Nvidia closed on Tuesday in the world’s largest capitalization position after overtaking Apple during the session, a sign of the intact appetite for artificial intelligence (AI) stocks.
The Santa Clara (California) group now has a capitalization of 3,431 billion US dollars, ahead of the 3,377 billion of the Apple firm.
Nvidia had already closed on the roof of the world in mid-June before losing its rank. He briefly stepped over Apple again at the end of October, but only for a few minutes.
Even though Nvidia is now the world’s largest capitalization, its stock market value has already been higher than at Tuesday’s close.
At the end of October, the Californian company had grown to 3.542 billion US dollars. The record remains the property of Apple, whose capitalization rose to $3,610 billion in mid-October.
Since the beginning of October 2022, just before the arrival of ChatGPT, the value of Nvidia shares has multiplied by more than eleven.
Nvidia is considered the most advanced semiconductor manufacturer in the graphics card market, these chips with increased computing capabilities compared to a traditional microprocessor.
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Jensen Huang, CEO of Nvidia, presented the company’s products last March.
Photo : afp via getty images / JOSH EDELSON
Called GPU (graphics processing units), they are considered essential to the development ofIA called generative.
Nvidia will enter the flagship Dow Jones index on Friday, in which it will replace its competitor Intel.
Apple arrived very late in the segmentIA generative, almost two years after the launch of ChatGPT.
It only deployed its first system at the end of OctoberIA generative, called “Apple Intelligence”, on its phones, computers and tablets, thus marking its official entry into the star technology of Silicon Valley.
