Nvidia has become the world’s most valuable public company, with its market capitalization surpassing that of Microsoft and Apple behind strong demand for artificial intelligence infrastructure. In economic news, U.S. retail sales for May grew by 0.1%, a figure that suggests a slowdown in consumer spending compared to previous months. In the gaming industry, Nintendo announced several upcoming titles during its latest broadcast, including a new entry in the Mario & Luigi RPG series and a new Super Mario Party game.
- Nvidia’s market value reached $3.34 trillion, placing it ahead of major tech competitors.
- The increase in Nvidia’s valuation is primarily attributed to the rapid expansion of generative artificial intelligence technology.
- U.S. retail sales rose by 0.1% in May, following a downwardly revised 0.2% decline in April.
- Retail sales data for May missed the 0.3% growth consensus forecast previously set by economists.
- Nintendo revealed “Mario & Luigi: Brothership,” the first new entry in the RPG series in nearly nine years, scheduled for a November release.
- “Super Mario Party Jamboree” was announced for the Nintendo Switch, featuring the largest collection of minigames in the franchise to date.
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They must really like their job.
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