On Wednesday, US-based technology giant Nvidia Corp raced to the top of the global market-cap rankings, surpassing giants like Microsoft and Apple. With a market-cap of $3.335 trillion, Nvidia is now more valuable than some of the biggest global markets. ET Bureau Source link
U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve‘s most recent meeting but Nvidia‘s shares rose about 6% after the close on the semiconductor bellwether’s stronger-than-expected revenue forecast. The news also drove gains in other chipmakers. Investors had focused on whether Nvidia‘s first-quarter results could meet sky-high expectations and whether the … Read more
As the gulf between America’s five largest companies and everyone else widens to exceedingly worrying levels, gyrations among the rest of the top 50 in the S&P 500 are at a 10-year high. The 50 most valuable companies in the benchmark, which now make up about 56% of its total weight, moved up or down … Read more