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Nvidia’s market capitalization exceeds Amazon

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Nvidia’s market capitalization surpassed Amazon’s today for the first time in more than 20 years.

According to Bloomberg, the world’s dominant designer and supplier of AI chips saw its shares rise as much as 2.9% today to reach a market cap of $1.83 trillion.

This puts it ahead of Amazon, which stands at $1.80 trillion, making it the fourth-largest US listed company by value after Alphabet ($1.85 trillion), Apple ($2.9 trillion), and Microsoft ($3.11 trillion).

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