In recent news, Nvidia has surpassed Microsoft to become the world’s most valuable company with a market capitalization of $3.335 trillion. This achievement was due in part to a 3.5 percent rise in the company’s stock price, which reached $135.58.
Nvidia has also recently overtaken Apple as the world’s second most valuable company, a remarkable feat that has been accompanied by a decline in the stock prices of both Microsoft and Apple. The success of Nvidia can be attributed to its dominance in the AI chip market, with an 80 percent share. This importance is underscored by its role in powering data centers for AI development.
Since its debut on the stock market in 1999, Nvidia’s shares have seen an unprecedented rise, increasing by a staggering 591,078 percent. This success story is a testament to the company’s visionary leadership and strategic investments in emerging technologies. Under CEO Jensen Huang, Nvidia has evolved from a gaming-focused chip producer to a key player in AI technology, which has paid off handsomely for him and the company as a whole.
