Nvidia has surged to become the world’s most valuable company, with its high-end processors in high demand. The chipmaker has overtaken Microsoft and Apple in market value, with its stock soaring 173% this year compared to Microsoft’s 19% rise.
The competition among tech giants like Microsoft, Meta Platforms, and Google-owner Alphabet to enhance their AI computing capabilities is driving the demand for Nvidia’s chips. However, Nvidia currently holds over 80% of the market share for AI chips, positioning itself as a major beneficiary of the growing AI development trend.
In addition to its market success, Nvidia recently executed a 10-for-one stock split, making its shares more appealing to individual investors. The company’s market value has rapidly expanded from $1 trillion to $3 trillion in a span of nine months, reaching the $2 trillion milestone in February and hitting $3 trillion in early June.