Trends
AI-focused tech firms see their market values surge in June
OUR TAKEWith the popularisation and application of AI technology, the demand for high-performance computing chips will continue to grow, providing a broad market space for chip manufacturers. Microsoft, Apple and other technology giants will continue to make efforts in the second half of the year to…
Headline
OUR TAKEWith the popularisation and application of AI technology, the demand for high-performance computing chips will continue to grow, providing a broad market space for chip manufacturers. Microsoft, Apple and other technology giants will continue to make efforts in the…
Context
OUR TAKE With the popularisation and application of AI technology, the demand for high-performance computing chips will continue to grow, providing a broad market space for chip manufacturers. Microsoft, Apple and other technology giants will continue to make efforts in the second half of the year to strengthen the strategic layout and innovation capabilities in AI. –Zora Lin, BTW reporter A number of AI-focused companies, primarily chipmakers, see their market capitalisation surge in June, with Nvidia (NASDAQ : NVDA ) briefly overtaking Microsoft (NASDAQ : MSFT ) to become the world’s most valuable company.
Evidence
Pending intelligence enrichment.
Analysis
Nvidia shares rose 27% in June, but give up some of those gains later that month amid profit booking and concerns about its high valuation. Microsoft’s market cap is up 7.6%, while Apple’s (NASDAQ :AAPL) market cap has surged 9.6% over the past month. Meanwhile, Amazon.com Inc. (NASDAQ :AMZN) hit a $2 trillion market cap last month, becoming the fifth U.S. company to achieve that milestone thanks to the impact of artificial intelligence. Broadcom Inc. (NASDAQ :AVGO) last month raises its annual revenue forecast for AI-related chips by 10 percent and announces a stock split to take advantage of this year’s stock rally, after which the company’s market value jumps about 20 percent. Also read: How Nvidia dominates the AI chip market
Key Points
- Nvidia shares are up 27% in June, Microsoft’s market value is up 7.6%, and Apple’s market value has surged 9.6% in the past month.
- For technology firms, seizing the opportunities of AI technology and constantly innovating and adapting to market demand is important.
Actions
Pending intelligence enrichment.
