loader image

BIZBoost Galaxy Out Now 🔥🚀

Breaking: Nvidia beats Microsoft, Google, Apple to become the world’s most valuable company

Jun 19, 2024 | News | 0 comments

"

New market cap battle: Microsoft VS Apple VS Nvidia

Tuesday: Microsoft, Apple, Google-parent Alphabet, Meta, Amazon, Warren Buffet’s Berkshire Hathaway, and other giant companies that had been sharing the topmost position for a long time were pushed back by Nvidia. The market cap of chip maker Nvidia reached $3.335 trillion on June 18, 2024, surpassing Microsoft, Apple, Meta, and other giants and becoming the most valued company in the world.

The chipmaker Nvidia Corporation continues to rise to the top of the global IT market capitalization leaderboard. As a result of its ascent, Nvidia surpassed Apple, Google, Microsoft, and Meta to become the most valuable business in the world. This accomplishment emphasizes how artificial intelligence is the main focus for investors.

Nvidia left the topmost tech giants behind

The AI company’s shares increased by 3.4 per cent, making Nvidia the most valuable publicly traded corporation in the world, with a market valuation of over $3.3 trillion. This positions the Jensen Huang-led company ahead of all the top giants. Nvidia’s stock shot a record high on Tuesday as the company’s market value increased by almost $103 billion. In just nine months, the company’s market worth increased from $1 trillion to $2 trillion in February. It took Nvidia over three months to reach $3 trillion in June.

Throughout June, the leading firms competed for the top slot, with Nvidia eventually defeating its rivals. With the use of AI, Nvidia has experienced record-breaking revenue growth, which has propelled the company to the top.

According to Bloomberg, “The ranking is yet another reminder that AI is the top focus of many investors. Nvidia is seen as the biggest and earliest beneficiary of the technology as it dominates the market with its highly sought-after chips that help power data centres running complex computing tastes required by AI applications. Demand for its H100 accelerators is surging and helped drive the chip maker’s sales up by more than 125% last year.”

What do Investors expect?

According to a report by Wedbush Securities analyst Daniel Ives, analysts expect intense competition between Nvidia, Apple, and Microsoft for the tech sector’s first $4 trillion market cap. Investors and Nvidia CEO Jensen Huang believe the company transcends the label of a simple chipmaker.

The shift in the rankings emphasizes how crucial AI is to investors. It is commonly believed that Nvidia is the leader and the primary benefit of AI technology becoming more extensively used. The company holds a dominant market position with its sought-after chips.

Furthermore, Baron Capital Inc.‘s Vice President and portfolio manager, Michael Lippert, stated, “They’re not just selling chips, they’re selling systems.” He emphasized Nvidia’s proprietary software and development ecosystem as key differentiators.

To catch up with all the national and international industry updates, follow our social handles @BIZBoost and stay tuned to BIZBoost news.

Want to be featured in BIZBoost Magazine?

Providing Highest Level of Global Digital Media Growth Services, Strategically & Carefully Personalized, Human to Human. BIZBoost your voice, event, business, brand, product, services, and legacy.

How about an entire media run?

Join BIZBoost Media House Family today!

Related Posts

Be the first to Know

Subscribe For Weekly News

LATEST in BIZBoost Media (Magazine, News, Interviews & more) 🔥 Meaningful Digital Media Stories on MUSIC • TECH • FILMS • FASHION • PODCAST • BUSINESS • & MORE

Comments

0 Comments

Leave a Reply

Author

Written by Riteshu Sen Jaiswar

Chief Of Media at BIZBoost || Public Speaker || Web 3 Junkie || Passionate Writer || Gyaan Seeker

Pin It on Pinterest

Share This