Nvidia Corp.\u2019s market valuation topped Intel Corp.\u2019s for the first time, powered by soaring demand for graphics chips in data centers and other fast-growing technology fields.<\/p>\n
In a semiconductor industry milestone, Nvidia\u2019s shares rose 2.3% in afternoon trading on Wednesday to a record $404, putting the graphic component maker\u2019s market capitalization at $248 billion, just above the $246 billion value of Intel, once the world\u2019s leading chipmaker.<\/p>\n
Nvidia was co-founded in 1993 by Jensen Huang, who\u2019s still running the company. At the time, it was one of about two dozen graphics chip companies. It\u2019s now the only independent maker of these components, after all of its rivals have been bought, folded or become part of larger companies.<\/p>\n
Nvidia was more successful than its peers at developing chips that turn computer code into the realistic images\u00a0computer gamers love. Under Huang, the company has pushed that technology into new markets, such as data center servers and artificial intelligence processing.<\/p>\n
But let’s not forget the competition. AMD is gearing up to release its own RDNA 2 graphics cards for PC later this year, alongside the Xbox Series X and PlayStation 5 consoles built on the same architecture. That’s an awfully well-rounded lineup for the red team, so Nvidia will have its work cut out for it if it wants to stay ahead.<\/p>\n
When it comes to market caps, calculated by multiplying the share price by the total number of a company\u2019s outstanding shares, Apple remains the\u00a0top tech firm\u00a0thanks to its massive $1.65 trillion valuation, followed closely by Microsoft at $1.61 trillion.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nvidia Corp.\u2019s market valuation topped Intel Corp.\u2019s for the first time, powered by soaring demand for graphics chips in data centers and other fast-growing technology fields. In a semiconductor industry milestone, Nvidia\u2019s shares rose 2.3% in afternoon trading on Wednesday to a record $404, putting the graphic component maker\u2019s market capitalization at $248 billion, just […]<\/p>\n","protected":false},"author":1,"featured_media":209,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"Nvidia's Market Valuation Surpasses Intel's, Fueled by Demand for Graphics Chips in Data Centers","_seopress_titles_desc":"Nvidia's market cap exceeds Intel's as their graphics chips dominate data centers and emerging tech fields. Can they maintain their lead against competitors like AMD?","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[29,28],"tags":[],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/208"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=208"}],"version-history":[{"count":1,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/208\/revisions"}],"predecessor-version":[{"id":210,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/208\/revisions\/210"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/209"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}