oracle: Nvidia overtakes Microsoft to become world's most valuable company
ADVERTISEMENT
ADVERTISEMENT
AI-chipmaker Nvidia redeemed its title as the most valuable company, surpassing the tech giant Microsoft. Nvidia shares rose about 3.4% on Tuesday, giving it a market value of about $3.45 trillion, higher than Microsoft's $3.44 trillion.The last time Nvidia held the number one spot was on January 24. It's current share price is still 7.77% below the 52-week high of $153.13, seen in January.Almost a week ago, Nvidia reported revenue of $44.1 billion for the first quarter ended April 27, up 12% from the previous quarter and up 69% from a year ago.Despite geopolitical and regulatory uncertainty due to Trump's tariffs, specifically around its H20 product line, the growth continues with dominance in AI and chip technology. Sales of H20 products were $4.6 billion for the first quarter of fiscal 2026.Nvidia has underscored significant advancements in AI with a mission to produce up to half a trillion dollars of AI infrastructure in the next four years.In April this year, ET reported that Nvidia will produce its artificial intelligence supercomputers in the United States for the first time. The chipmaker has made key investments in specialised Blackwell chips in Arizona and AI supercomputers in Texas with a manufacturing space of more than a million square feet,The California-based company's construction of supercomputer manufacturing plants in Texas-in collaboration with Foxconn is also underway.The following month, in May, the company introduced 'Stargate UAE'- a project that holds the vision to build the world's largest set of AI data centers outside the US. The first phase of the AI infrastructure cluster is in Abu Dhabi, UAE, alongside strategic partners OpenAI, Oracle , SoftBank Group and Cisco.In the latest earnings report, Nvidia has mentioned joint initiatives with Google to advance agentic AI solutions, robotics and drug discovery.It also revealed the integration of Nvidia Blackwell cloud instances with AWS, Google Cloud, Microsoft Azure and Oracle Cloud Infrastructure. ET reported that Google Cloud be among the first to adopt Nvidia's GB300 NVL72 and RTX PRO 6000 Blackwell Server Edition GPUs.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
21 minutes ago
- Time of India
What Mark Cuban and other billionaires said on Donald Trump-Elon Musk breakup
The public relationship between and US President unraveled on Thursday (June 5) following Musk's criticism of a key legislative initiative. The dispute, which escalated rapidly, saw both figures engage in public exchanges, leading to significant financial repercussions for Musk. Tired of too many ads? go ad free now The exchange began when Musk, who departed his role at DOGE in May, criticised the Trump Administration's " Big Beautiful Bill ." Musk labeled the legislation the "Debt Slavery Bill" and the "Big Ugly Spending Bill." President Trump responded during a White House event, defending the bill and subsequently threatening to cancel government contracts associated with Musk's companies via a post on Truth Social. This led to a decline in Tesla shares . The public dispute between the two prominent figures has since drawn commentary from various business leaders, including , Bill Ackman, Vinod Khosla and others. Here's what business leaders said about Musk-Trump online spat Mark Cuban The former "Shark Tank" star Mark Cuban endorsed Musk's idea of creating a new political party. Cuban reshared Musk's poll on X with three check marks Bill Ackman Billionaire Bill Ackman backed both Trump and Musk on X, advising them to "make peace for the benefit of our country." 'We are much stronger together than apart,' he said with Musk responding, 'You're not wrong.' Paul Graham Y Combinator cofounder Paul Graham shared his thoughts X, saying, 'A lot of people seem to be treating this as if it were just a beef. But the underlying allegation is a very serious one. If it's true, Trump is surely going to have to resign,' he wrote in a post on X. Vinod Khosla Vinond Khosla, who has been a critic of Musk, supported the Tesla CEO on his stand on deficit. Tired of too many ads? go ad free now 'Despite our differences, I admire your speaking up on the deficit!' Notably, Khosla endorsed Kamala Harris and was engaged in verbal spat online with Musk multiple times. Anthony Scaramucci Anthony Scaramucci, who has been a critic of Trump, voiced his support for Musk. 'Elon is right about Trump," the former Goldman Sachs investment banker said in an X post. In a separate post on Friday, Scaramucci said that "Elon lasted 12 Scaramuccis," a tongue-in-cheek reference to his 10-day tenure as White House communications director before Trump fired him. Shaun Maguire In an X post, Sequoia partner Shaun Maguire praised Musk for sticking to his guns. 'Elon leaves it all on the field. And he puts what he believes in ahead of himself. How can you not be inspired by that,' he added. Gary Cohn According to Gary Cohn, IBM's vice chairman, things could be very different next week, cautioning against overreacting to the situation. 'If we've learned one thing over the Trump administration, this is a few hours, the world could be completely different a week from now. It's not like the White House is sitting there only worried about the Elon Musk situation,' he said on CNBC. JBL Tune Beam 2 Review: The TWS Earbuds That Punch Above Their Weight!
Time of India
23 minutes ago
- Time of India
With Elon Musk out, Republicans set to bless $3-trillion bill
Lawmakers are largely taking their cues from Trump and sticking by the $3 trillion bill at the centre of the White House's economic agenda. Musk, the biggest political donor of the 2024 cycle, has threatened to help primary anyone who votes for the legislation, but lawmakers are betting that staying in the President's good graces is the safer path to political survival. Tired of too many ads? Remove Ads ( Originally published on Jun 06, 2025 ) Congressional Republicans are siding with Donald Trump in the messy divorce between the President and Elon Musk , an optimistic sign for eventual passage of a tax cut bill at the root of the two billionaires' public are largely taking their cues from Trump and sticking by the $3 trillion bill at the centre of the White House 's economic agenda. Musk, the biggest political donor of the 2024 cycle, has threatened to help primary anyone who votes for the legislation, but lawmakers are betting that staying in the President's good graces is the safer path to political survival."The tax bill is not in jeopardy. We are going to deliver on that," House Speaker Mike Johnson told reporters on Friday. "I'll tell you what-do not doubt, don't second guess and do not challenge the President of the United States Donald Trump," he added. "He is the leader of the party. He's the most consequential political figure of our time."House Budget Committee Chair Jodey Arrington said that House lawmakers are focused on working with the Senate as it revises the bill to make sure the legislation has the political support in both chambers to make it to Trump's desk for his signature.
Time of India
23 minutes ago
- Time of India
China okays rare earth licences to suppliers of top three US auto companies
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel BEIJING/WASHINGTON: China has granted temporary export licenses to rare-earth suppliers of the top three US automakers, two sources familiar with the matter said, as supply chain disruptions begin to surface from Beijing's export curbs on those least some of the licenses are valid for six months, the two sources said, declining to be named because the information is not public. It was not immediately clear what quantity or items are covered by the approval or whether the move signals China is preparing to ease the rare-earths licensing process, which industry groups say is cumbersome and has created a supply bottleneck. China's decision in April to restrict exports of a wide range of rare earths and related magnets has tripped up the supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the dominance of the critical mineral industry, key to the green energy transition, is increasingly viewed as a key point of leverage for Beijing in its trade war with US President Donald Trump . China produces around 90% of the world's rare earths, and auto industry representatives have warned of increasing threats to production due to their dependency on it for those of three big US automakers, General Motors Ford and Jeep-maker Stellantis got clearance for some rare earth export licenses on Monday, one of the two sources and Ford each declined to comment. Stellantis said it is working with suppliers "to ensure an efficient licensing process" and that so far the company has been able to "address immediate production concerns without major disruptions."China's Ministry of Commerce did not immediately respond to a faxed request for comment. China's critical-mineral export controls have become a focus on Trump's criticism of Beijing, which he says has violated the truce reached last month to roll back tariffs and trade restrictions. On Thursday, Trump and Chinese President Xi Jinping had a lengthy phone call to iron out trade differences. Trump said in social-media post that "there should no longer be any questions respecting the complexity of Rare Earth products." Both sides said teams will meet again auto companies are already feeling the impact of the restrictions. Ford shut down production of its Explorer SUV at its Chicago plant for a week in May because of a rare-earth shortage, the company said.
