Nvidia Sets a New World Record, by Becoming the Most Valuable Company Globally

With the help of Nvidia, a startup in the epicenter of the AI bursting, Microsoft has lost its position as the most valuable firm in the world. As the chipmaker’s shares increased by 3.5 percent to $135.58 on June 18, Nvidia’s market capitalization reached $3.335 trillion.

Details about Nvidia:

Founded in Delaware, Nvidia Corporation is an American multinational corporation and technology company with its headquarters located in Santa Clara, California. System on a chip units (SoCs) for the mobile computing and automotive markets, as well as graphics processing units (GPUs) and application programming interfaces (APIs) for data science and high-performance computing, are designed and supplied by this software and fabless firm. Moreover, Nvidia leads the market in AI-related hardware and software.

The second-most valuable firm in the world:

Only a few days prior, the Santa Clara, California-based business surpassed Apple to take the second place as the most valuable firm in the world. The stocks of Microsoft and Apple, which occupied the second and third positions, had a decline of 0.45 percent and 1.1 percent, respectively. The S&P 500 and Nasdaq indexes have reached all-time highs thanks to Nvidia’s climb, which has extended the company’s winning run for speculators. Graphics processing units (GPUs) play a crucial role in the progress of artificial intelligence.

Nvidia’s Primary Goal:

For the first couple decades of its history, Nvidia’s primary concentration was on creating semiconductors for video games. Encouraged by IT behemoths like Microsoft, Meta, and Google’s voracious want for its chips, the company’s stock price has increased by than 182 percent this year alone, following a more than threefold increase in 2023. About 80% of the market for AI chips-which are required in data centers to run AI models like OpenAI’s ChatGPT-is held by Nvidia. The Kobeissi Letter monthly on capital markets states that an investor who contributed $10,000 to the company in 1999 would now own $59,107,800 worth of equity.