NVIDIA opened yesterday’s trade with a market cap of $242.8 billion — just $4 billion short of its rival Intel. [Read: Watch Tesla’s meteoric rise — set to techno-remixed Elon Musk tweets] Both companies would go on to close the day in the green; NVIDIA’s 3.5% jump added $8.5 billion to its market value, while Intel’s grew by just $1.5 billion. This put NVIDIA ahead by more than $3 billion. NVIDIA’s stock is up 70% year-to-date. On the other hand, Intel has struggled — down nearly 4% in 2020. Notably, this marks the first time Intel has been bumped from the top chipmaker spot since it eclipsed Qualcomm way back in May 2014, according to TradingView data. [H/T: MarketWatch]
