NVIDIA overtakes Apple and Microsoft to become the world’s most valuable firm

Nvidia has emerged as the most valuable corporation globally based on market capitalization. In the time it took to write this story, the chipset manufacturer had surpassed Microsoft in worth, reaching $3.348 trillion. NVIDIA moved up two spots, displacing Apple and Microsoft in the process. In the competition for the lead in the artificial intelligence (AI) market, Nvidia’s cutting-edge chipsets are essential.

The stock is trading at about $136, and the company saw growth of 3.92%. This accomplishment came soon after Nvidia passed Apple, the previous runner-up.

In sharp contrast to Microsoft’s 19% gain this year, the company’s stock has surged by almost 173%. The stock has increased significantly because of the increasing demand for Nvidia’s top-tier chips, which are necessary for AI development and have exceeded the supply.

Its market capitalization increased from $1.21 trillion on January 6, 2024, to $3.326 trillion today in a few five months.

Nvidia is spearheading the rise of generative AI, which is rapidly expanding in the IT industry. Large cloud service providers use Nvidia GPUs for AI application training and execution. About 20,000 start-ups and well-known companies like Microsoft, Alphabet, and Amazon are among the company’s clientele. Nvidia is a top option for anyone searching for excellent AI chips.

Growth engines from NVIDIA

Two new platforms from Nvidia have the potential to transform computing:

Blackwell Platform: With trillion-parameter big language models, the Blackwell platform seeks to enable real-time generative AI. When compared to the old platform, it promises to save costs and energy consumption by up to 25 times.

Rubin Platform: At Computex 2024 in Taiwan, Nvidia CEO Jensen Huang just unveiled the Rubin platform. New GPUs and a central CPU dubbed “Vera” are features of Rubin. Customers should be able to purchase it later in 2024.

Other sources of income

Video game revenue is currently trailing behind Nvidia’s data centre revenue, which includes AI-related goods and services. This demonstrates the increasing significance of AI to Nvidia’s operations. Additionally, the business is branching out into new industries like driverless cars and deep learning. The corporation should grow even larger as a result of this expansion.