{"id":41611,"date":"2020-07-09T18:35:00","date_gmt":"2020-07-09T18:35:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2644765"},"modified":"2020-07-09T18:35:00","modified_gmt":"2020-07-09T18:35:00","slug":"nvidia-takes-the-us-chipmaker-crown-from-intel-a-first-since-2014","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/07\/09\/nvidia-takes-the-us-chipmaker-crown-from-intel-a-first-since-2014\/","title":{"rendered":"NVIDIA takes the US chipmaker crown from Intel \u2014 a first since 2014"},"content":{"rendered":"

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NVIDIA added $8.5 billion to its market cap on Wednesday<\/p>\n<\/header>\n

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NVIDIA overtook seminal computing giant Intel to become the largest chipmaker in the US by market cap on Wednesday, a first for the Santa Clara firm.<\/div>\n
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NVIDIA opened yesterday’s trade with a market cap of $242.8 billion — just $4 billion short of its rival Intel.<\/p>\n

[Read: Watch Tesla’s meteoric rise — set to techno-remixed Elon Musk tweets<\/a>]<\/em><\/p>\n

Both companies would go on to close the day in the green; NVIDIA‘s 3.5% jump added $8.5 billion to its market value, while Intel’s grew by just $1.5 billion. <\/span>This put NVIDIA ahead by more than $3 billion.<\/p>\n

NVIDIA‘s stock is up 70% year-to-date. On the other hand, Intel has struggled — down nearly 4% in 2020.<\/p>\n

Notably, this marks the first time Intel has been bumped from the top chipmaker spot since it eclipsed Qualcomm way back in May 2014, according to TradingView data.<\/p>\n<\/div>\n<\/div>\n

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