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Nvidia is ahead of Amazon in market value — but for how long?
Nvidia launches became the fourth most valuable U.S. corporation on Monday -- temporarily surpassing Amazon.com Inc.
Nvidia launches became the fourth most valuable U.S. corporation on Monday — temporarily surpassing Amazon.com Inc. and opening a new chapter in market capitalization as the chipmaker was propelled to prominence by the excitement surrounding artificial intelligence. A year ago, Nvidia’s stellar predictions and impressive quarterly results proved that the chip manufacturer was leading the way in providing to tech companies developing so-called generative AI, such as chatbots and image creation. The so-called “” — Amazon, Apple, Alphabet, Nvidia, Meta, Microsoft, and Tesla — have dominated the S&P 500 this year as investors scooped up shares of megacap tech names.
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