During a recent Senate hearing, Boeing CEO Dave Calhoun faced tough questions about the safety incidents involving the company’s planes, such as the blowout of a door panel on a 737 MAX. The chairman of the committee investigating these failures, Richard Blumenthal, criticized Boeing as “an iconic company that somehow lost its way.” Calhoun, who is set to step down, issued apologies for the recent incidents and previous fatal crashes that occurred.
In contrast to these safety concerns, a whistleblower has come forward claiming that Boeing lost track of 400 faulty parts, some of which may have been installed on planes. These revelations have led to a 30% decrease in Boeing’s share price this year. On the other hand, Nvidia has surpassed Microsoft and Apple to become the world’s most valuable company, with a stock market value exceeding $3.3 trillion. The chip maker for artificial intelligence has experienced a 40% increase in its share price following strong quarterly revenues and profits. Nvidia anticipates further growth with the release of its Blackwell chip, touted as the most powerful in the world.
Nvidia is among a select group of companies that have led the S&P 500 since its establishment in 1926. The company recently split its stock in order to lower the share price and make it more appealing to small investors.
