The competition for the title of the world’s most valuable company sees Nvidia briefly surpass Microsoft, driven by its key role in the AI sector. Nvidia's market cap reached $3.444 trillion, fueled by a 69% revenue increase in its latest quarter. Microsoft’s market cap closely follows, bolstered by stable earnings but facing challenges regarding its AI partnerships. Apple's position has weakened significantly, attributed to trade concerns and slow AI integration. The dynamic landscape raises questions about the sustainability of these tech giants' strategies in the evolving market.
Nvidia’s quarterly results showed it is still at the heart of the AI revolution. Revenue jumped 69% year over year to $44.1 billion.
Apple's stock is down 19% this year over worries about 25% tariffs on many of its products imported to the United States.
Nvidia's market cap edge is based on its position as the largest public pure-play company in the world, selling chips to companies with AI aspirations.
Microsoft’s earnings success was more muted, revenue rose 13% to $70.1 billion, but markets question its AI strategy due to friction with OpenAI.
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