AI Frenzy Puts Nvidia Ahead of Amazon in Market Value
by msmash from on (#6JJNG)
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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