Update: NVIDIA had a market value of $3.019 trillion at market close, while Apple’s stood at $2.99 trillion, with Microsoft leading at $3.15 trillion, according to updated numbers.
Original post: NVIDIA, the GPU company that built its reputation on GeForce gaming graphics but is now known throughout the world as being a leader in AI software and hardware, has managed to achieve a new milestone, having passed $3 trillion in market cap today, according to figures that have been shared by financial outlets online. Led by co-founder and CEO Jensen Huang, the company is said to have briefly passed Apple’s market value at some point on Wednesday, peaking at $3.007 trillion versus Apple’s $3.005 trillion.
From a report:
- “Nvidia shares were up more than 4% to $1,219 at one point during intraday trading on Wednesday.”
- “Shares are up over 3,224% over the last five years. It will split its stock 10-1 later this month.”
- “Apple was the first U.S. company to reach a $3 trillion market cap in January 2022. Microsoft hit $3 trillion in market value in January 2024…”
- “Nvidia, which was founded in 1993, passed the $2 trillion valuation in February, and it only took roughly three months after that for it to claim the $3 trillion milestone.”
A recent promo from NVIDIA about its GeForce RTX AI PCs:
NVIDIA on some of its latest developments:
Newly announced NVIDIA GeForce RTX AI laptops — including the ASUS ProArt PX13 and P16 and MSI Stealth 16 AI+ laptops — will feature dedicated RTX Tensor Cores to accelerate AI performance and power-efficient systems-on-a-chip with Windows 11 AI PC features. They join over 200 laptops already accelerated with RTX AI technology.
NVIDIA unveiled Project G-Assist, an RTX-powered AI-assistant technology demo that provides context-aware help for PC games and apps. The new NVIDIA app beta update adds 120 frames per second AV1 video capture and one-click performance-tuning. And the latest Game Ready Driver and NVIDIA Studio Driver are available for installation today.