U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
The stock closed at $154.31 on Wednesday, up 4.3%, lifting its market value to $3.77 trillion—overtaking Microsoft once again.
This new peak beats Nvidia’s previous record closing of $149.43, set on 6 January.
Nvidia dominates the market for graphics processing units (GPUs), which are crucial for powering artificial intelligence tasks and building large language models. But the pace of this year’s gains has surprised many, especially given the company’s lack of access to China—once a key market.
In recent months, Nvidia has faced growing restrictions from the U.S. government, including fresh export controls announced in April by the Trump administration. These rules blocked sales of Nvidia’s H20 AI chip, which had been redesigned to meet earlier limits.
As a result, Nvidia had to write down $4.5 billion in inventory and warned that the China restrictions would cost it around $8 billion in lost sales. The company says it is currently not relying on any revenue from China.
Despite this, Nvidia’s May earnings revealed a 69% jump in year-over-year sales, with its data centre division—which supports AI development—up 73%.
Germany has told its nationals to leave Iran and refrain from travelling there to avoid getting caught in retaliatory acts by Tehran over Germany's ro...
Archaeologists in south eastern Türkiye have unearthed carved stone animals that shed new light on how prehistoric people told stories. A fox, a vult...
Britain has barred Israeli government officials from attending its largest defence trade show, DSEI UK 2025, in response to Israel's escalating milita...
Afghan officials said Pakistani drones struck homes in Nangarhar and Khost provinces late on Wednesday, killing three people and wounding seven, promp...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 29th of August, covering the latest developments you need to k...
Germany has told its nationals to leave Iran and refrain from travelling there to avoid getting caught in retaliatory acts by Tehran over Germany's role in triggering United Nations sanctions on Iran over its nuclear programme.
Archaeologists in south eastern Türkiye have unearthed carved stone animals that shed new light on how prehistoric people told stories. A fox, a vulture, and a wild boar—each about 3.5 cm tall—date back some 11,500 years.
Britain has barred Israeli government officials from attending its largest defence trade show, DSEI UK 2025, in response to Israel's escalating military operations in Gaza. The move marks a rare rebuke of a historically close ally during rising humanitarian concerns.
Afghan officials said Pakistani drones struck homes in Nangarhar and Khost provinces late on Wednesday, killing three people and wounding seven, prompting the Taliban government to summon Pakistan’s ambassador in Kabul on Thursday in protest.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Music mega-star Taylor Swift and National Football League player Travis Kelce announced their engagement. “Your English teacher and your gym teacher are getting married," the couple wrote in a joint Instagram post, alongside photos of Kelce proposing to Swift in a garden of pink and white flowers.
Billionaire Elon Musk filed a motion on Thursday seeking to dismiss a civil lawsuit brought by the U.S. Securities and Exchange Commission (SEC), which accused him of waiting too long in 2022 to disclose a significant stake in social media platform Twitter, later renamed X.
Ford is recalling more than 355,000 pickup trucks across the U.S. after a dashboard instrument display failure was found that may prevent drivers from seeing critical information such as vehicle speed and warning lights.
U.S. chipmaker Nvidia posted revenue of $46.7 billion for the second quarter of fiscal 2026, up 56% from the same period last year and surpassing market expectations, the company announced Wednesday.
The artificial intelligence (AI) boom that has fuelled markets in recent years faces a key test on Wednesday, when industry bellwether Nvidia Corp reports its second-quarter earnings.
Lawyers for billionaire Elon Musk have asked a U.S. judge to prevent ChatGPT-owner OpenAI, from obtaining documents from Meta Platforms related to his previous $97.4 billion bid for OpenAI’s assets, according to a court filing.
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