Nvidia has surpassed Microsoft to become the world’s most valuable company, driven by its key role in generative AI technology. At Tuesday’s market close, Nvidia’s share price reached $135.58, giving it a market cap of $3.335 trillion, exceeding Microsoft ($3.32 trillion), Apple ($3.29 trillion), and Google ($2.17 trillion). Nvidia’s stock has risen 160% in 2024, and it passed the $2 trillion mark in February. In its May earnings report, Nvidia announced over $26 billion in revenue and plans to introduce new Blackwell GPU architecture, with units costing $30,000 to $40,000 each, releasing new AI chips annually.
Read more – https://www.theverge.com/2024/6/18/24181393/nvidia-most-valuable-company-microsoft-apple-google
