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27 Jun 2024 9:29
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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

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     26 Jun: A water pontoon will be installed at Auckland's Viaduct to re-connect it to Wynyard Quarter
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     Top Stories

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    BUSINESS BUSINESS
    Hopes poor performance in the dairy sector won't stick around, as figures show profits down 27 percent More...


     Today's News

    		 Cricket:
    Sussex bowler Ollie Robinson has conceded a English county cricket championship record 43 runs in an over against Leicestershire at Hove 9:07

     Politics:
    Concerns among some Judges over the unintended consequences of sentencing reforms 9:07

     Soccer:
    The round-of-16 line-up is complete at the European football championship 9:07

     Entertainment:
    Jennifer Garner spent weeks constantly weeping uncontrollably as she prepared for her daughter Violet to graduate from high school 9:00

     Entertainment:
    Noah Wyle's nurse mother scolded him for his unrealistic acting in 'ER' seconds after his episodes aired 8:30

     Politics:
    Drug harm is costing the country billions and leading many to crisis point - prompting calls for an urgent shift in the system 8:27

     International:
    In a divided France, one thing unites most people and politicians: desperation to bring the president down 8:27

     Auckland:
    Firefighters have been at a house fire in Auckland's Papakura 8:17

     Entertainment:
    Chrissy Teigen thinks technology is a "really wonderful addition" to parenting 8:00

     Business:
    Hopes poor performance in the dairy sector won't stick around, as figures show profits down 27 percent 7:37

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