Nvidia has recently surpassed Microsoft as the world’s most valuable company, with a market cap of $3.335 trillion. Despite a 10-for-1 split in shares after June 7th, Nvidia’s overall value has seen a significant increase, with its share price rising by 160 percent in 2024.
In its recent earnings report in May, Nvidia reported revenue of over $26 billion and anticipates the launch of the new Blackwell GPU architecture later this year. The B200, described as “the world’s most powerful chip,” is expected to have units priced between $30,000 to $40,000. Nvidia plans to release new AI chips annually.
Nvidia CEO Jensen Huang has been driving the company’s growth, outlining plans for the future with the introduction of innovative technologies and products. The success of Nvidia in the market signals a promising future for the company in the field of AI technology.
