GRAPHIC-Tech giants lead surge in global mega-caps as inflation eases
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Apple Inc's market value jumped 11.2% to $2.95 trillion over the past month, while Microsoft Corp (MSFT.O) saw a 12.1% increase in its market cap, reaching $2.8 trillion.
Nvidia Corp's market cap soared 14.7% to $1.15 trillion, following its announcement of a 206% year-over-year revenue increase to $18.1 billion in the third quarter. The firm also projected higher-than-expected revenue for the fiscal fourth quarter, citing improved supply chain conditions and robust demand for its AI chips.
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