NVIDIA’s work, especially in the field of artificial intelligence, in the last year has increased the market value of the brand. The company suddenly became a more valuable company than Google’s parent company Alphabet and Amazon. NVIDIA is now the fourth most valuable company in the world.
Artificial intelligence has increased the importance of NVIDIA, the number one name in the GPU world. Artificial intelligence-focused chips The company that started development did not pay attention to money, so to speak. In the past hours, there has been a development that reveals the truth of this. NVIDIA’s market valueGoogle’s parent company Alphabet also managed to pass.
NVIDIA, which has increased its profitability significantly with the effect of artificial intelligence hardware since last year, will only increase its profitability in 2024. 49 percent grew up around . In this case, the market value of the brand, $1.83 trillion reached the level. In line with this data, NVIDIA, fourth most valuable company in the world it has become.
Can NVIDIA continue to climb the list of most valuable companies?
Amazon with a valuation level of 1.77 trillion dollars and Alphabet with a valuation level of 1.82 trillion dollars. leaving behind NVIDIA now faces an important threshold. In order for the company to become the third largest company in the world 2 trillion dollars It needs to reach its market value, which means a valuation of approximately 200 billion dollars. Time will tell whether this will happen or not.
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The current status of the world’s most valuable companies is as follows:
| Company | Market value |
|---|---|
| Microsoft | $3.042 trillion |
| Apple | $2.843 trillion |
| Saudi Aramco | $2.062 trillion |
| NVIDIA | $1.825 trillion |
| Alphabet | $1,820 trillion |
With the latest developments, Amazon is now in the top 5 of the list. not available. NVIDIA still needs to do great things to catch up with Microsoft and Apple.
Source :
https://www.bloomberg.com/news/articles/2024-02-14/nvidia-overtakes-alphabet-one-day-after-eclipsing-amazon