- Reuters
Nvidia on verge of overtaking Apple as No. 2 most valuable company
The latest rally in Nvidia comes as it prepares to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors. Nvidia's stock has surged 145% so far in 2024, with demand for its top-of-the-line processors far outstripping supply as Microsoft, Meta Platforms and Google-owner Alphabet race to build out their AI computing capabilities and dominate the emerging technology. The Silicon Valley chipmaker's stock was last up 4.2% at $1,212.89, giving Nvidia a stock market value of $2.98 trillion.
- Investor's Business Daily
Magnificent Seven Stocks: Nvidia Stock Rallies To More Record Highs; Tesla Finds Support At Key Level
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.
- Yahoo Finance
Why Arm chips pose a threat to Intel and AMD’s PC dominance
Arm-based chips are coming to Windows PCs, and they pose a series threat to Intel and AMD's dominance.
