Nvidia became the world’s most valuable company, with a market cap of $3.34 trillion, surpassing Microsoft and Apple!
AI based chip designing and manufacturing company Nvidia has surprised everyone and bagged the title of world’s most valuable company.
Nvidia Six months ago no one thought that this company would become the most valuable company in the world. As of June 18, its market cap is $3.34 trillion. Its shares have jumped a whopping 181% since January.
On January 2, 2024, its price was $48, on June 18, it was $135.58. That is, whoever invested in it on 2nd January 2024, his money has increased two and a half times. It is not easy for such a big company to do this. This tells us that the company’s strength and its business is one that can be bet on.
In the race for market cap, Nvidia overtook Facebook-running company Meta, Amazon, and then Google’s parent company Alphabet. No one thought it would overtake Apple and Microsoft, but on June 18, it did. In one month, this share has run about 45%. On June 18, the name of Nvidia and its founder Jenson Huang was recorded in history.
Nvidia’s installer and work
The founder of Nvidia is Jenson Huang. He made this company in 1993. He has set up the company, but he has only 3.5% stake in it. Today their wealth is around 64 billion dollars.
Initially, the company only made video-game graphics chips, but later the company decided to make AI-based chips and spent heavily on research and development.
The company launched an AI based chip before spending around $10 billion in R&D and today it has become the largest AI based chip maker in the world. This company’s chip is being used in everything from crypto mining to cloud computing. Companies like Amazon, Microsoft and Google are using Nvidia’s chip for their cloud operations.