Nvidia Takes the Lead The Most Valuable Company in the World Thanks to AI: With the development of technology,
Nvidia has become the most valuable company in the world,
surpassing tech giants Apple and Microsoft.
The company’s market value has reached $3.3 trillion,
reflecting the continuous rise in its stock and the growing role of artificial intelligence in the investment world.

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Nvidia Surpasses Apple and Microsoft

Focus on Artificial Intelligence

The Race to $4 Trillion

More Than Just a Chip Company

Nvidia Surpasses Apple and Microsoft

The continuous rise in Nvidia’s stock has pushed the semiconductor giant’s market value to higher levels than its counterparts in the tech industry,
helping it claim the title of the most valuable company in the world amidst the ongoing AI craze.
Stocks rose by as much as 4% to approximately $3.3 trillion on Tuesday, surpassing Apple and Microsoft.
Throughout the month, the stocks of the major companies competed for the top spot, with Nvidia finally outperforming its tech peers.

Focus on Artificial Intelligence

This ranking serves as another reminder that artificial intelligence is a primary focus for many investors.
Nvidia is seen as the biggest and oldest beneficiary of this technology, as it dominates the market with its highly desirable chips,
which help data centers perform the complex computing tasks required by AI applications.
The demand for its H100 accelerators has helped increase the chip maker’s sales by over 125% in the past year.
Microsoft is also seen as one of the early winners in the AI craze, given its investments and partnership with OpenAI, the creator of ChatGPT.
This week, Apple’s shares rose after the iPhone maker finally unveiled its plan to use artificial intelligence, satisfying investors after a long wait.

The Race to $4 Trillion

Daniel Ives, an analyst at Wedbush Securities, wrote in a note:
“We believe the race to reach a market value of $4 trillion in the tech sector over the next year will be the focus among the three companies.”
The rise in Nvidia’s stock price has made co-founder and CEO Jensen Huang one of the richest people in the world.
His net worth has increased by more than $70 billion since the beginning of the year, reaching $115 billion,
placing him 12th on the Bloomberg Billionaires Index. This is the largest gain among his billionaire peers.

More Than Just a Chip Company

Investors and Huang see Nvidia as more than just a chip manufacturer.
In an interview, Michael Lippert, vice president and portfolio manager at Baron Capital,
referred to the company’s proprietary software and development ecosystem:
“They don’t just sell chips; they sell systems.”
Nvidia’s rapid rise to the top has been record-breaking,
It is one of the few companies with significant revenue growth from AI.
As of the latest close, the stock has risen by more than 160% in 2024, adding more than $2 trillion to its market value.
Ives said that the company’s graphics processing unit chips are the new gold or oil in the tech sector
as more companies and consumers rapidly move in this direction with the Fourth Industrial Revolution in full swing.

Nvidia Takes the Lead The Most Valuable Company in the World Thanks to AI

Nvidia Takes the Lead The Most Valuable Company in the World Thanks to AI

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