Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Nvidia Surpasses Apple, Reaching $3 Trillion in Market Value

Reading Time: < 1 minute

Nvidia Corp. Makes History as First $3 Trillion Computer-Chip Company

In a groundbreaking achievement, Nvidia Corp. has become the first computer-chip company to reach a market capitalization of $3 trillion. The Santa Clara-based firm’s shares have surged by an impressive 147% this year, driven by the soaring demand for its chips used in artificial intelligence applications.

On Wednesday, Nvidia’s shares rose by 5.2% to close at a record high of $1,224.40, propelling the company’s market value past $3 trillion and surpassing tech giant Apple Inc. This milestone marks a significant moment for Nvidia, as it last exceeded Apple’s value back in 2002 when both companies were worth less than $10 billion each.

Nvidia’s Chief Executive Officer, Jensen Huang, has expressed the company’s commitment to advancing its AI accelerators on an annual basis. This dedication to innovation has not only solidified Nvidia’s position in the market but has also significantly boosted Huang’s personal wealth, which now stands at $107.4 billion.

The rise of generative AI has been described as a new industrial revolution, and Nvidia is poised to play a pivotal role in this transformative technology shift. Analysts believe that the company’s continued success in the GPU/CPU/networking sector will drive further growth and exceed consensus estimates.

While Nvidia’s market value still trails behind Microsoft Corp., Wall Street analysts predict that it is only a matter of time before Nvidia surpasses its competitor. In contrast, Apple has faced challenges this year, with concerns over iPhone demand in China and a recent fine from the European Union impacting its stock performance.

As Nvidia continues to lead the way in the semiconductor industry, the company’s historic achievement of reaching a $3 trillion market capitalization underscores its position as a key player in the rapidly evolving world of artificial intelligence.

Taylor Swifts New Album Release Health issues from using ACs Boston Marathon 2024 15 Practical Ways To Save Money