Nvidia Surpasses Amazon in Market Value, Signaling a New Era in Tech Investments
In a momentous shift within the tech industry, Nvidia Corporation (NVDA) has overtaken Amazon.com Inc. (AMZN) in terms of market capitalization, marking the first time in nearly 22 years that the chipmaker has surpassed the e-commerce giant. This pivotal change underscores the rapidly evolving landscape of the tech sector, where artificial intelligence (AI) and hardware innovation are becoming increasingly critical. Nvidia's market value reached a staggering $1.78 trillion, edging out Amazon's $1.75 trillion, as both companies faced market pressures but Nvidia experienced lesser declines.
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