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AI Frenzy Puts Nvidia Ahead of Amazon in Market Value
Nvidia briefly surpassed Amazon in market capitalization on Monday, as the euphoria around AI catapulted the chipmaker to the fourth most valuable U.S. company. From a report: At a record high of $734.96, Nvidia was worth $1.82 trillion in market value, compared to $1.81 trillion for retail giant Am...
Nvidia briefly surpassed Amazon in market capitalization on Monday, as the euphoria around AI catapulted the chipmaker to the fourth most valuable U.S. company. From a report: At a record high of $734.96, Nvidia was worth $1.82 trillion in market value, compared to $1.81 trillion for retail giant Amazon.com and a few billions away from Google-owner Alphabet's $1.87 trillion, according to LSEG data. The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion.
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