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28 Sep 2024 11:46
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      Home > News > Business

    It's great news for New Zealand's Super Fund - that AI computer-chip maker Nvidia's risen to become the world's most valuable company

    It's great news for New Zealand's Super Fund - that AI computer-chip maker Nvidia's risen to become the world's most valuable company


    The US manufacturer's worth has topped five trillion New Zealand dollars - toppling Microsoft and Apple from the top spot.

    Demand has sky rocketed for the chips to run artificial intelligence software - and the company's value has nearly doubled over six months.

    At the end of 2023, the Super Fund had about 800 thousand shares - which are now valued at just under a-billion dollars.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     27 Sep: A Waikato farming company, director and farm manager have been convicted of unlawfully discharging dairy effluent
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     27 Sep: Auckland Council has exceeded its saving goals - and put a record amount into assets
     27 Sep: Health NZ will be weighing up the two options for the new Dunedin Hospital
     27 Sep: A sad day for Timaru -- with hundreds of meatwork jobs potentially on the line
     27 Sep: An independent review's found the current plan for Dunedin Hospital, is 'probably not achievable' within its current budget of 1.88 billion dollars
     Top Stories

    RUGBY RUGBY
    Motorsport pundit Bob McMurray believes Liam Lawson's promotion in Formula One has come at the dismay of Red Bull team boss Christian Horner More...

    BUSINESS BUSINESS
    A change in how farmers are using their land - is having flow-on effects for meat processing plants More...


     Today's News

    		 Entertainment:
    Katy Perry resorted to witchcraft to bring Orlando Bloom into her life 11:37

     Education:
    Fatal stabbing of Japanese schoolboy in China sparks debate on the country's patriotic education 11:17

     Entertainment:
    Taylor Swift has been approached for her first official trading card 11:07

     Cricket:
    England have given the Australian cricket team a 186-run walloping at Lord's to level their five-match ODI series at 2-all 11:07

     Motoring:
    Motorsport pundit Bob McMurray believes Liam Lawson's promotion in Formula One has come at the dismay of Red Bull team boss Christian Horner 10:47

     Entertainment:
    Maren Morris needs to date in order to write new songs 10:37

     Law and Order:
    Police are asking for help finding missing man Luke Berwick, who was last seen in Raglan 10:27

     Entertainment:
    Brad Pitt imposters have been arrested after allegedly scamming two women out of over £270,000 10:07

     Living & Travel:
    Following weeks of avalanches, skiers and snowboarders are being urged to keep to the tracks this weekend in the Southern Lakes 10:07

     Politics:
    Relaxed attitudes and stray dogs helping to spread rabies in Bali 10:07

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