American Nvidia – manufacturer of graphics cards and processors for artificial intelligence (AI) and machine learning – is once again on its way to dethrone iPhone manufacturer Apple as Wall Street's highest valued company.
The Nvidia share – already one of this year's winners on Wall Street with a price increase of 11 percent since the start of the year's trading – rises by another 1.5 percent in futures trading ahead of Tuesday's trading on Wall Street. The share has thus also surpassed the price records from last autumn.
The increase in futures trading comes after founder and CEO Jensen Huang presented a new chip for personal computers – which will start being installed in new gaming computers this spring – at a fair in Las Vegas during the night to Tuesday.
Prior to the price increase, Nvidia's market value is 3,659 billion dollars, compared to Apple's 3,703 billion. The Apple share falls by 0.2 percent in futures trading.
Nvidia – the big winner of the AI boom – was on several occasions last year the most valuable on Wall Street.
