NVIDIA overtook seminal computing giant Intel to become the largest chipmaker in the US by market cap on Wednesday, a first for the Santa Clara firm. NVIDIA opened yesterday’s trade with a market cap of $242.8 billion — just $4 billion short of its rival Intel. [Read: Watch Tesla’s meteoric rise — set to techno-remixed Elon Musk tweets] Both companies would go on to close the day in the green; NVIDIA‘s 3.5% jump added $8.5 billion to its market value, while Intel’s grew by just $1.5 billion. This put NVIDIA ahead by more than $3 billion.
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Thu, 07/09/2020 - 2:35am
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