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Home  /  Business  /  Nvidia is now worth more than Intel
PostedinBusiness Posted on July 23, 2020

Nvidia is now worth more than Intel

Posted By Shannon.Smith

Nvidia’s shares have soared this year

What just happened? Thanks to a recent surge in its stock price, Nvidia has overtaken Intel to become the most valuable chipmaker in the US. Following a 2.3 percent jump yesterday afternoon, team green’s shares have now reached $408, putting its market cap at $251.3 billion, ahead of Intel’s $248.1 billion.

We hear a lot about how AMD is now a big challenger to Intel, but it still lags far behind Chipzilla when it comes to company valuation. Lisa Su’s firm has a market cap of $62.5 billion, almost a quarter of what Intel is worth.

Nvidia, however, now holds the title of the biggest chipmaker in the US, and the third-largest in the world, despite not actually producing its own chips; it leaves that to third-party foundries such as TSMC. Intel’s chips, on the other hand, are created entirely in-house.

Nvidia’s stock has risen 68 percent in 2020, while Intel has seen a 3 percent increase. Like Samsung, the lockdowns have benefited Nvidia—the explosion of people working from home meant a higher demand for its enterprise products. Server manufacturers are snapping up the new, 7nm Ampere A100 GPUs, which recently saw a PCIe version (photo below). Moreover, anticipation over the upcoming RTX 3000-series has also helped boost the company’s share price.

Reuters notes that despite the stock price surge, Nvidia’s sales are still a fraction of Intel’s. While the former’s revenue is expected to rise 34 percent this year to $14.6 billion, analysts predict Intel’s 2020 revenue will increase 2.5 percent to $73.8 billion.

When it comes to market caps, calculated by multiplying the share price by the total number of a company’s outstanding shares, Apple remains the top tech firm thanks to its massive $1.65 trillion valuation, followed closely by Microsoft at $1.61 trillion.

Source: https://www.techspot.com/news/85932-nvidia-passes-intel-most-valuable-us-chipmaker.html

Tags: Industry intel Nvidia
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