Nvidia, a chip giant, has surpassed Microsoft to become the world’s most valuable company with a market capitalization of $3.335 trillion. The company’s stock prices have been soaring, with shares rising by 3.5 percent to $135.58 on Tuesday. This achievement was marked by Nvidia’s market capitalization hitting $3.335 trillion on Tuesday, with shares rising by 3.5 percent to $135.58.
Nvidia’s success has been driven by the high demand for its chips from major tech companies like Microsoft, Meta, and Google. The company’s dominance in the market for AI chips used in data centers has solidified its position as a key player in the development of artificial intelligence technologies. Since its market debut in 1999, Nvidia’s shares have seen an increase of 591,078 percent under the leadership of CEO Jensen Huang who has focused on innovation and investment in GPU technology.
The remarkable success of Nvidia has transformed Jensen Huang into one of the world’s wealthiest individuals with an estimated net worth exceeding $117 billion. This evolution from producing chips for computer games to leading the way in AI technology highlights the strategic vision and leadership of Nvidia’s management team. As Nvidia continues to pave the way in the tech industry, its impact on the global landscape is undeniable.
In conclusion, Nvidia’s recent rally has disrupted holding positions of other tech giants such as Microsoft and Apple which now sit at no 2 and no 3 spots respectively with their shares falling by 0.45 percent and 1
