NVIDIA, the tech giant best known for its gaming and AI GPUs, is now the most valuable company in the world, according to new reports today that discuss how green team’s market capitalization managed to hit $3.34 trillion this afternoon, a figure that would make NVIDIA the largest public company in the world, surpassing Microsoft. The Windows and Xbox maker is said to be second with $3.33 trillion, while Apple is in third with $3.27 trillion.
Market capitalization leaders:
- NVIDIA ($3.34 trillion)
- Microsoft ($3.33 trillion)
- Apple ($3.27 trillion)
From a report:
- “Nvidia shares rose 3.7% on Tuesday afternoon. Microsoft shares fell 0.5% and Apple shares lost 1.4%.”
- “Nvidia earlier this month joined the tech giants in becoming the only US companies to cross a $3 trillion market cap.”
- “The company’s stock is up roughly 175% for the year and was the S&P 500 index’s best performer in 2023.”
- “The chipmaker last month posted yet another blockbuster quarter, noting a 262% increase in revenue and a 462% increase in profits year-over-year.”
NVIDIA founder and CEO Jensen Huang speaking to Caltech graduates last week:
Some advice from Huang:
I hope you believe in something. Something unconventional, something unexplored. But let it be informed, and let it be reasoned, and dedicate yourself to making that happen. You may find your GPU. You may find your CUDA. You may find your generative AI. You may find your NVIDIA.