Nvidia edged ahead of other tech companies Tuesday to become the world’s most valuable publicly traded company in the latest sign of the might of artificial intelligence. “We believe over the next year the race to $4 trillion market cap in tech will be front and center between Nvidia, Apple, and Microsoft,” said a note earlier this week from Wedbush Securities. The company’s GPUs are crucial in artificial intelligence (AI) and machine learning, with its CUDA platform enabling parallel computing. Known for significant growth and innovation, Nvidia’s acquisitions, including Mellanox Technologies and the pending ARM Holdings deal, have bolstered its market reach and technological prowess. The company’s stock, traded under NVDA, reflects its robust position in the tech industry.

Source: Punch June 19, 2024 00:43 UTC