Nvidia tops Microsoft, regains most valuable company title for first time since January
Nvidia passed Microsoft in market cap on Tuesday, once again becoming the most valuable publicly traded company in the world.
Shares of the artificial intelligence chipmaker rose about 3 per cent on Tuesday to $US141.40 (AUD $218.80), and the stock has surged nearly 24 per cent over the past month as Nvidia's growth has persisted even through export control and tariff concerns.
The company now has a $3.45 trillion market cap. Microsoft closed Tuesday with a $3.44 trillion market cap.
Nvidia has been trading places with Apple and Microsoft at the top of the market cap ranks since last June. The last time Nvidia was the most valuable company was on January 24.
Nvidia and other chip names boosted markets Tuesday. Broadcom rose per cent, and Micron Technology gained 4 per cent. The VanEck Semiconductor ETF, which tracks a basket of chip stocks, gained 2 per cent.
Last week, Nvidia reported 96 cents in adjusted earnings per share on $44.06 billion in sales in its fiscal first quarter. That represented 69 per cent growth from the year-ago period, an incredible growth rate for a company as large as Nvidia.
Nvidia's growth has been fuelled by its AI chips, which are used by companies including OpenAI to develop software such as ChatGPT.
Companies including Microsoft, Meta, Google, Amazon, Oracle and xAI have been purchasing Nvidia's AI accelerators in massive quantities to build ever-larger clusters of computers for advanced AI work.
Nvidia was founded in 1993 to produce chips for playing 3D games, but in recent years, it has taken off as scientists and researchers found that the same Nvidia chip designs that could render computer graphics were ideal for the kind of parallel processing needed for AI.
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AU Financial Review
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- AU Financial Review
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Man of Many
a day ago
- Man of Many
The Nintendo Switch 2 is Out Today: Here's What You Need to Know
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Nintendo has made the very-Nintendo decision to send out review consoles this week, rather than ahead of time, due to the fact the console will need a firmware update to operate. Does this mean the console won't work at all without being able to connect to the internet at least once? We honestly don't know yet. We'll be getting a console and a few games care of Nintendo this week, and getting you some honest thoughts and feedback on the console will be my personal highest priority. For now though, let's review (ha) what the console is delivering in terms of upgrades over the original system, the games you can grab on day one, as well as where you can even buy this thing. 'Mario Kart World' on Nintendo Switch 2 | Image: Dean Blake/Man of Many How Powerful is the Nintendo Switch 2? While the Switch 2's reveal event was pretty light on technical details, we've since gotten quite a bit more clarity on exactly what is powering Nintendo's next-gen efforts. Here's what we know, care of the wonderful people over at Digital Foundry for the meaty tech specs. Nintendo Switch 2 Nintendo Switch 1 (OLED Model) Price AUD$699 (console only) AUD$769 (w/ Mario Kart World) AUD$539 Screen 7.9' 1080p LCD screen 279 pixels-per-inch Up to 120hz refresh rate HDR capable 10-point multi touch 7' 720p OLED screen 210 pixels-per-inch Up to 60hz refresh rate 10-point multi touch GPU Nvidia custom Ampere 1007MHz (docked), 561MHz (mobile), Max 1.4GHz Nvidia custom Tegra X1 768MHz (docked), 460MHz (mobile), Max 921MHz CPU 8x ARM Cortex A78C 998MHz (docked), 1101MHz mobile, Max 1.7GHz 1536 CUDA Cores 4x ARM Cortex A57 1020 MHz (docked and mobile), Max 1.785GHz 256 CUDA cores Memory 12GB LPDDR5 RAM 4GB LPDDR4 RAM Battery 5220mAh Approximately 2-6 hours playtime Approximately 3 hours to charge to full 4310mAh Approximately 4.5-9 hours playtime Approximately 3 hours to charge to full Built-in Storage 256GB 64GB Ports Game Card Slot 2 USB-C ports 4-pole stereo 3.5mm audio jack microSD Express card slot Game Card Slot 1 USB-C port 4-pole stereo 3.5mm audio jack microSD card slot Dimensions 166mm x 272mm x 13.9mm Approximately 401 grams 102mm x 242mm x 13.9mm Approximately 320 grams What's included – Switch 2 Console – Joy-Con 2 controllers (L+R) – Joy-Con 2 Grip – Joy-Con 2 Straps – Nintendo Switch 2 Dock – Ultra High-Speed HDMI Cable – Nintendo Switch 2 AC Adapter – USB-C Charging Cable – Mario Kart World Download Code (in bundle) – Switch OLED Console – Joy-Con controllers (L+R) – Joy-Con Grip – Joy-Con Straps – Nintendo Switch Dock – HDMI Cable – Nintendo Switch AC Adapter – USB-C Charging Cable – Pack-in Game (in bundles) Scroll horizontally to view full table What does any of that mean? Well, it means many of the rumours, some of which go back to 2021, were spot on, and also that the Switch 2 is going to outclass the original Switch by a country mile. In terms of power, the Switch 2 is already showing off some big power gains on even comparable and competitive hardware, such as Valve's Steam Deck, though I doubt it'll outclass some of the higher-end (and far more expensive) PC handhelds, such as the Lenovo Legion Go or the AyaNeo Kun, in terms of raw power. It is a much smaller, more portable device than any of those, though, and has the benefit of the Nintendo brand to pull it to success. Yes, the Steam Deck is a very popular console that has sold an estimated 4 million units since its launch in 2022, but compare that to the Switch 1's meteoric 150 million units sold since 2017 and you'll start to see how wide the sales gulf is. We're already seeing lines around the block for the Switch 2's launch, so it's fair to expect the Switch 2 to do well. What's particularly impressive about the new system is the screen: it's a pretty sizeable bump up in multiple ways. Obviously, it's bigger, but it's also denser: the Switch 2 features 279 pixels-per-inch, which will go a long way in making that larger 7.9' screen pop, especially with the increase in resolution from 720p on the OG Switch to 1080p. Plus, it's capable of hitting 120Hz, which is nothing to sneeze at. The Switch OLED plays host to a 60Hz screen, the Steam Deck OLED 90Hz, while the ROG Ally X also sits at 120Hz. Only the Lenovo Legion Go beats the pack with a 144Hz screen, but that console is about twice as thick, heavy, and expensive as the Nintendo Switch 2. Well all know Nintendo consoles tend to sell off the back of solid software, though, so let's take a look at what's coming to the Switch 2. 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There'll definitely be more games announced as the weeks and months roll on, so if your favourite Nintendo series isn't represented just yet, there's still hope. New Fire Emblem or Legend of Zelda game, please? Donkey Kong Bonanza | Image: Nintendo Where can you buy the Nintendo Switch 2 In all honesty, it's not clear yet which retailers will have stock left over after pre-orders have been filled. There have been reports across social media of people's pre-orders being cancelled by retailers, which tends to mean they took more pre-orders than Nintendo sent consoles, and could mean we're looking at a lower stock volume at retailers than anticipated and a 'sold out' situation. However, if you want to try your luck, you can try purchase the Switch 2 from any major electronics or games store and hope they restock quickly. God speed.
News.com.au
a day ago
- News.com.au
Top 10 at 11: Green open places ASX in touching distance of all-time high
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