February 18, 2025

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(Reuters) – NVIDIA Corp experienced a record-breaking surge in market value in January, its biggest monthly increase ever, around artificial intelligence (AI), positive analyst projections and the company’s announcement of expanded AI offerings. Driven by increased optimism.

The market value of the world’s most valuable chip maker unexpectedly surged $296.52 billion to nearly $1.52 trillion, surpassing its previous high of $248.23 billion in gains seen in May 2023.

Last month, Nvidia’s stock soared to new highs after it announced new desktop graphics processors and advancements in AI-related components and software.

Meanwhile, the market value of Microsoft, the world’s most valuable company, also saw a strong rise to $159.36 billion, mainly due to rising demand for its Azure cloud service.

The tech giant on Tuesday reported better-than-expected quarterly profit and revenue, although investors turned cautious about its rising costs, which are expected to “increase materially” on a sequential basis.

As of Wednesday, Microsoft had a market cap of $2.95 trillion, more than Apple Inc.’s market cap of $2.85 trillion.

Meanwhile, meta platforms saw their market cap strengthen last month, surpassing the $1 trillion mark for the first time since September 2021.

Meta’s stock rose more than 14% to a record high $451 after the bell on Thursday, after the Facebook owner reported a 25% rise in revenue for the December quarter to $40.1 billion and its market capitalization in its first announcement. Increased from $148 billion to $1.16 trillion. Sometimes dividends.

At the other end of the spectrum, Tesla Inc emerged as the weakest performer among the top 20 global companies by market cap, losing about 24.5% of its value in the last month due to concerns over slowing growth. CEO Elon Musk has cautioned that sales growth this year will be “significantly lower” despite recent price cuts.

Additionally, Saudi Arabian Oil Company saw its market value decline by 7.3%.

(Reporting by Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Stephen Coates)

Source: finance.yahoo.com

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