According to TechFlow news on November 6, data from CompaniesMarketcap shows that AI chip giant Nvidia's stock price rose by 2.84%, bringing its market capitalization to $3.43 trillion, surpassing Apple's $3.38 trillion and Microsoft's $3.06 trillion, reclaiming its position as the largest publicly traded company in the world by market value.
Data shows that Nvidia's stock price has risen by 9.5% over the past month and has increased by 190% since the beginning of the year, with the current trading price at $139.91. Apple's and Microsoft's stock prices have not yet recovered from the decline at the end of October, mainly affected by earnings reports and guidance that fell short of expectations.
UBS expects that AI revenue will reach $420 billion by 2027, with a compound annual growth rate of 72%. Analysts believe that ChatGPT represents the "iPhone moment" for the AI industry, and AI will continue to be a key theme driving global tech stocks in 2024 and the next decade.
