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29 Sep 2024 9:43
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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
    Coach Scott Robertson feels the All Blacks have taken a step forward in the 33-13 triumph over the Wallabies at Sky Stadium More...

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


     Today's News

    		 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

     Rugby League:
    Nathan Cleary has downplayed fears over the his fitness after he failed to finish Penrith's 26-6 preliminary NRL final win over Cronulla 9:27

     International:
    Hassan Nasrallah turned Hezbollah from an Islamist militia into a political force that will outlive him 9:17

     International:
    What happens with Trump's criminal cases if he wins the election? 9:17

     International:
    Israel 'determined to keep fighting' in Lebanon despite assassinating Hezbollah chief Hassan Nasrallah 8:37

     Health & Safety:
    More people are discovering their lung cancer diagnosis in emergency rooms, not through their GP 8:17

     Accident and Emergency:
    Police are providing support to the family of a missing snorkeller, found dead by rescue crews in Kaikoura 8:07

     Sailing:
    Day two of the America's Cup challenger series between Ineos Britannia and Luna Rossa has been timed out 8:07

     Cricket:
    The Black Caps have recorded their 19th lowest test score in history, getting rolled for 88 by Sri Lanka on day three of the second cricket test in Galle 7:57

     Soccer:
    Liverpool have moved to the top of the Premier League football ladder with a 2-1 win away over Wolves 7:37

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