INVENTORY

Nvidia overtakes Apple as the most valuable company in the world with a valuation of $3.5T

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Nvidia overtakes Apple as the most valuable company in the world with a valuation of $3.5T

Nvidia dethroned Apple as the world’s most valuable company on Friday, after a record rise in shares powered by voracious demand for its new supercomputer AI chips. Nvidia’s stock market value briefly reached $3.53 trillion, while Apple’s was $3.52 trillion, according to data from LSEG. In June, Nvidia briefly became the world’s most valuable company, … Read more

Dutch chip giant blames ‘technical error’ as tech tank sector issues windfall profits: ‘Very unfortunate’

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Dutch chip giant blames 'technical error' as tech tank sector issues windfall profits: 'Very unfortunate'

A Dutch chipmaking giant sparked chaos after it accidentally released a disappointing financial outlook a day earlier than planned – knocking billions off the market value of the entire semiconductor sector. Shares in ASML — which makes equipment used to make chips, including processors used to power artificial intelligence — fell nearly 6% on Wednesday. … Read more