| Thread Tools |
10th July 2020, 08:55 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,462
| Nvidia more valuable than Intel At least in terms of share price The company named after a Roman vengeance daemon, Nvidia, has overtaken Intel for the first time as the most valuable US chipmaker. Nvidia's shares rose 2.3 percent in afternoon trading on Wednesday to a record $404, putting the graphic component maker's market capitalization at $248 billion, just above the $246 billion value of Intel, once the world's leading chipmaker. Apparently, Nvidia's stock has been among Wall Street's strongest performers in recent years as it expanded from its core personal computer chip business into datacenters, automobiles and artificial intelligence. Intel, which for decades has dominated in processors for PCs and servers, has struggled to diversify its business after making critical stumbles in the smartphone revolution. While Intel's stock has lost almost three percent in 2020, Nvidia's has surged 68 percent. Investors have been betting that the shift to working remotely because of the coronavirus pandemic will continue to fuel fast growth in Nvidia's datacentre business. Despite Nvidia's meteoric stock rise, its sales remain a fraction of Intel's. Analysts on average see Nvidia's revenue rising 34 percent in its current fiscal year to $14.6 billion, while analysts expect Intel's 2020 revenue to increase 2.5 per cent to $73.8 billion, according to Refinitiv. This seems to suggest that Wall Street's obsession with share prices as a sign of the company's overall health do not match reality much. https://fudzilla.com/news/graphics/5...ble-than-intel |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Microsoft more valuable than Apple | Stefan Mileschin | WebNews | 0 | 27th November 2018 13:55 |
Your data is valuable, but you’re never getting paid for it | Stefan Mileschin | WebNews | 0 | 3rd May 2018 10:42 |
Amazon now more valuable than Microsoft | Stefan Mileschin | WebNews | 0 | 14th February 2018 19:13 |
Teach valuable STEM skills with electronic papercraft noisemakers | Stefan Mileschin | WebNews | 0 | 19th January 2018 17:01 |
For the first time, bitcoin is more valuable than gold | Stefan Mileschin | WebNews | 0 | 5th March 2017 06:30 |
Xiaomi passes Uber as the world's most valuable startup | Stefan Mileschin | WebNews | 0 | 30th December 2014 07:09 |
Google Becomes World's Most Valuable Brand | Stefan Mileschin | WebNews | 0 | 23rd May 2014 08:25 |
3 Reasons Why Google Will Be More Valuable Than Microsoft @ ThinkComputers.org | Stefan Mileschin | WebNews | 0 | 22nd April 2013 07:46 |
Fresh & Valuable NVIDIA Participator - msi N560GTX-Ti Twin Frozr II OC review | windwithme | Hardware Overclocking and Case Modding | 4 | 24th February 2011 14:56 |
Microsoft Desktop Player is a Valuable Tool for IT Pro’s | jmke | WebNews | 0 | 10th June 2010 16:50 |
Thread Tools | |
| |