Nvidia surpasses Saudi Aramco as world's 3rd most valuable public company at $2.06 trillion due to strong earnings and AI optimism.
Nvidia has surpassed Saudi Aramco to become the world's third most valuable public company, with a market value of $2.06 trillion, after strong earnings and increased optimism for AI's impact on the tech industry. Nvidia dominates the market for graphics chips used in complex computing tasks for AI applications. Aramco's market value dipped to $2.03 trillion, due to lower production from OPEC+ cuts and potential government offerings.
March 04, 2024
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