Business
October 25, 2024
1 views 4 mins 0

Nvidia overtakes Apple as world's most valuable company

Nvidia overtakes Apple as world's most valuable company

Nvidia dethroned Apple as the world’s most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips. Nvidia’s stock market value briefly touched $3.53 trillion, while that of Apple was $3.52 trillion, according to data from LSEG.In June, Nvidia briefly became the world’s […]

Technology
October 08, 2024
2 views 5 mins 0

Samsung Electronics Apologises for Disappointing Profit as It Struggles in AI Chips

Samsung Electronics Apologises for Disappointing Profit as It Struggles in AI Chips

Samsung Electronics warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance with the tech giant lagging its rivals in supplying high-end chips to Nvidia in the booming AI market. The rare apology illustrates the challenges facing the company, which has been the world’s biggest memory chipmaker for three […]