Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. <\/p>\n
Nvidia’s market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement of its stock split further boosted investor enthusiasm.<\/p>\n
Microsoft maintained its position as the leading global company by market cap, rising 6.6% to $3.08 trillion in May, with shares touching record highs driven by expectations that AI will significantly boost profit growth for Microsoft and its major competitors. <\/p>\n
Those expectations were further bolstered as the company introduced a new category of personal computers with AI features, called ‘Copilot+’ PCs, capable of handling more artificial intelligence tasks without relying on cloud data centers.<\/p>\n
Apple remained the second-largest company by market cap, surging 12.9% to $2.94 trillion at the end of May, fueled by AI optimism, and increased smartphone shipments to China. Brokerage BofA Global Research noted that artificial intelligence is driving a shift from smartphones to “IntelliPhones” – AI-powered smartphones – and projected that Apple would benefit from a multi-year upgrade cycle driven by AI.<\/p>\n
Walmart Inc. experienced significant growth, with its market cap rising 10.8% to $530 billion at the end of last month, as the company reported better-than-expected quarterly results and raised its full-year forecast, anticipating that easing inflation will boost sales of groceries and non-essential merchandise such as clothing and electronics.<\/p>\n
Meanwhile, Tesla’s market cap dropped nearly 3% to $567.9 billion, affected by a decline in its sales in Europe, slowing growth in electric vehicle demand, and tough competition impacting the demand for Tesla’s vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nvidia led global companies in market cap gains in May, buoyed by a stunning rally as its bumper revenue forecast reinforced investor confidence in the AI-driven surge in chip demand. Nvidia’s market cap soared to $2.69 trillion at the end of May, marking a nearly 25% increase during the month, as the announcement of its stock split further boosted investor enthusiasm. Microsoft maintained its position as the leading global company by market cap, rising 6.6% to $3.08 trillion in May, with shares touching record highs driven by expectations that AI will significantly boost profit growth for Microsoft and its major […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-818954","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/818954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=818954"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/818954\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=818954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=818954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=818954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}