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Wall Street ends higher lifted by Uber, Lyft and Nvidia

Wall Street ends higher lifted by Uber, Lyft and Nvidia
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nvidia: Nvidia replaces Alphabet as Wall Street s third most valuable company

Nvidia controls about 80% of the high-end AI chip market, a position that has boosted its stock price 47% this year after it more than tripled in 2023. Customers face shortages of Nvidia s top-of-the-line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers.

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nvidia alphabet market capitalisation: Nvidia replaces Alphabet as Wall Street s third most valuable company

The Santa Clara, California company s stock rose 2.46%, putting its value at $1.825 trillion, while Alphabet s stock climbed 0.55%, leaving it with a value of $1.821 trillion.

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Nvidia Surpasses Amazon, Alphabet in Market Value

Nvidia, a leading AI chipmaker, has surpassed Google-parent Alphabet as the third most valuable US company, with its shares rising 2.46% to $1.825 trillion.

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Nvidia Overtakes Alphabet as Third Most Valuable Company

Nvidia Overtakes Alphabet as Third Most Valuable Company
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