Nvidia's stock jumped 3.5% Wednesday, propelling the AI chip maker above Microsoft as the world's most valuable corporation. Its surge over the previous year and a half is difficult to comprehend. Since the end of October 2022, when OpenAI abandoned ChatGPT, the company's value has increased by $3 trillion. And since May 1st, it has added $1.3 trillion, which is equal to Meta's whole market capitalization. It's hardly a stretch to suggest that the chip designer has been lifting the S&P: Apollo Global estimates that Nvidia alone is responsible for 34.5% of the index's gains this year. It was the top performer on the index last year and is up 181% in 2024 With today's achievement, Nvidia becomes the first company other than Microsoft or Apple to occupy the top slot since Amazon in January 2019.
Tech & Startup
68 words · 23 secMeta Plans to Open Office in Dhaka as Facebook User Base Grows in Bangladesh
Meta is interested in opening an office in Dhaka, Bangladesh’s Foreign Affairs State Minister Shama Obaid said. She noted that Meta discussed the proposal, citing Bangladesh’s larger Facebook user base compared with Ind…
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