NVIDIA achieved incredible success in the stock market, surpassing Microsoft and becoming the world’s most valuable company. The company’s shares increased by 3.5 percent recently, reaching $135.58, and its market value to $3.326 billion output. So how did NVIDIA gain so much value?
NVIDIA became the world’s most valuable company: surpassing Apple and Microsoft
NVIDIA quickly rose to the top, leaving giants such as Apple and Microsoft behind. It was reported that this success was achieved thanks to the high demand for NVIDIA’s powerful artificial intelligence chips and the great interest of investors in the field of AI. The company, with a valuation of $300 billion two years ago, was having a hard time with the decline in the cryptocurrency market.
However, with the intense demand for AI chips and the support of powerful artificial intelligence models such as ChatGPT, it overcame this challenge and became the strongest and most valuable technology company. The company’s shares this year 170 percent increase showed and constituted a significant part of the 14 percent increase in the S&P 500 index. NVIDIA has experienced tremendous growth, increasing its market value tenfold in just two years.
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NVIDIA’s AI chips attract great interest from large companies such as Google, Microsoft and Amazon. The company’s software ecosystem, CUDA, reinforces NVIDIA’s market dominance by providing important tools for developers. NVIDIA is preparing to launch next-generation Blackwell chips and is collaborating with Hewlett Packard (HP) to develop GenAI solutions.
NVIDIA plays an important role in shaping the future of artificial intelligence technologies. CEO Jensen Huang states that NVIDIA is at the center of a new “industrial revolution” and that artificial intelligence will transform the entire global economy. In the last year and a half, Huang’s personal wealth has also increased by $93 billion, exceeding $100 billion.
The success of NVIDIA, the world’s most valuable company, is not limited to AI chips alone. The company’s graphics processors also hold a large place in the gaming and professional graphics market. In addition, the solutions developed by NVIDIA for data centers are also preferred by cloud service providers and large enterprises. This broad product offering helps NVIDIA diversify its revenues and achieve steady growth.
NVIDIA’s growth potential remains high. NVIDIA’s market cap could reach $4 trillion next year, according to a note from Wedbush Securities. Some analysts even predict that the company could reach a value of $10 trillion by 2030. This means that NVIDIA will further consolidate its leadership in the technology sector.
What do you think about this success of NVIDIA? How will AI and chip technologies take shape in the future? Will NVIDIA’s rapid rise as the world’s most valuable company continue? Don’t forget to share your opinions in the comments section below…