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29 Sep 2024 11:30
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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
     29 Sep: New Zealand exporters are making the most of our green reputation - to attract more global interest
     28 Sep: The Government's being urged to stop the push towards forestry, in the wake of the proposed closure of the Timaru meatworks
     27 Sep: A change in how farmers are using their land - is having flow-on effects for meat processing plants
     27 Sep: A Waikato farming company, director and farm manager have been convicted of unlawfully discharging dairy effluent
     27 Sep: KiwiRail's taking a financial hit, from falling freight volumes and weather-related outages
     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
     Top Stories

    RUGBY RUGBY
    Wallace Sititi has again earned special praise from All Blacks coach Scott Robertson after another leading performance More...

    BUSINESS BUSINESS
    New Zealand exporters are making the most of our green reputation - to attract more global interest More...


     Today's News

    		 International:
    Indonesia, Solomon Islands join countries banning nuclear weapons, putting Australia at odds with neighbours 11:27

     International:
    Israel 'determined to keep fighting' in Lebanon despite assassinating Hezbollah chief Hassan Nasrallah 11:17

     Law and Order:
    Kashmir's youth at the forefront of a crucial election amid tensions 11:17

     Golf:
    Kiwi golfer Sam Jones is tied for 22nd heading into the final round of the DP World Tour's Spain Open in Madrid 11:07

     Rugby League:
    Panthers coach Ivan Cleary has turned the blowtorch on bunker official Chris Butler for an obstruction call in Penrith's 26-6 NRL preliminary final victory over Cronulla in Sydney 10:47

     Health & Safety:
    More than 500 prescriptions for medicinal cannabis have been written for children under 10 in the last two years 10:28

     Rugby:
    Wallace Sititi has again earned special praise from All Blacks coach Scott Robertson after another leading performance 10:07

     Cricket:
    The Black Caps have been skittled for 88 on day three of the second cricket test against Sri Lanka at Galle, on Sky Sport 9:47

     Soccer:
    Attacking midfielder Cole Palmer's scored four goals to power Chelsea to a 4-2 win over Brighton in football's English Premier League 9:47

     Rugby:
    Coach Scott Robertson feels the All Blacks have taken a step forward in the 33-13 triumph over the Wallabies at Sky Stadium 9:37

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