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%.
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing cere...
Donald Trump has once again shared a video clip of Azerbaijani President Ilham Aliyev’s remarks from the Shusha Global Media Forum on his Truth Soci...
A Russian drone attack on Ukraine’s southern Odesa region has damaged an oil depot belonging to Azerbaijan’s state oil company, SOCAR, and left fo...
During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and ...
President Ilham Aliyev’s meetings with U.S. President Donald Trump and Armenian Prime Minister Nikol Pashinyan will be held at the White House today...
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing ceremony. The meeting sets the stage for a U.S.-brokered framework aiming to stabilize relations in the South Caucasus.
Donald Trump has once again shared a video clip of Azerbaijani President Ilham Aliyev’s remarks from the Shusha Global Media Forum on his Truth Social account.
A Russian drone attack on Ukraine’s southern Odesa region has damaged an oil depot belonging to Azerbaijan’s state oil company, SOCAR, and left four people injured, industry sources told Reuters.
During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and boosting strategic innovation partnerships.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Scientists have discovered previously unknown communities of deep-sea creatures that survive by converting chemicals into energy, rather than feeding on organic matter, during dives into two of the Pacific Ocean’s deepest trenches.
The acting chief of the U.S. space agency NASA is expected to unveil a directive this week to build a nuclear reactor on the moon by 2030, according to U.S. media reports, as the United States seeks to strengthen its space presence amid growing competition from China and Russia.
Scientists in Norway have uncovered remains of more than 40 species from around 75,000 years ago, shedding new light on Ice Age life in Scandinavia.
Türkiye’s first domestically produced electric SUV, the Togg T10X, is expected to hit the German market by the end of 2025, German daily Bild reported.
A SpaceX Falcon 9 rocket successfully launched from NASA’s Kennedy Space Center in Florida on Friday, sending an international crew of four astronauts to the International Space Station (ISS) aboard the Dragon spacecraft as part of NASA’s Crew-11 mission.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment