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21 Jul 2024 4:37
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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
     21 Jul: Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor
     20 Jul: It appears most retailers and supermarkets here are operating as normal again
     20 Jul: The housing outlook has become clearer in recent weeks - as some mortgage rates get a shake-up
     19 Jul: Several banking services across New Zealand are reportedly being affected by outages
     19 Jul: Good news for home-buyers.... BNZ and Kiwibank are following ANZ and Westpac in cutting their advertised home loan and term deposit rates, following Wednesday's drop in CPI inflation
     19 Jul: Businesses are embracing the extension of EFTPOS transaction days
     19 Jul: New data suggests there's increased demand for owning all kinds of small businesses
     Top Stories

    RUGBY RUGBY
    The biggest winner in tonight's Lotto draw is an Auckland player who bought their Strike Four ticket online More...


    BUSINESS BUSINESS
    Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor More...



     Today's News

    Business:
    Olympic rowing champion Mahe Drysdale is set to be Tauranga's next mayor 4:37

    Living & Travel:
    The biggest winner in tonight's Lotto draw is an Auckland player who bought their Strike Four ticket online 21:57

    Entertainment:
    Bob Newhart has died aged 94 21:28

    Accident and Emergency:
    At least 11 people have died in the partial collapse of a highway bridge in northwest China following heavy storms and flooding 21:17

    Entertainment:
    Michael Strahan's daughter Isabella is cancer free 20:58

    Entertainment:
    Priscilla Presley claims she has had $1 million stolen from her as part of financial abuse 20:28

    Entertainment:
    Catherine, Princess of Wales has hailed the "power of nature" in helping "wellbeing" 19:58

    Entertainment:
    Sam Smith was left unable to walk after a skiing injury that led to the singer being taken off a slope in a "blood bag" 19:28

    Entertainment:
    Johnny Depp and Will Smith have reportedly struck up a bromance 18:58

    Rugby League:
    Melbourne league coach Craig Bellamy has described his team's relative lack of State of Origin representation as a "blessing" for the Storm's NRL title hopes 18:57


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