AI Drives Nvidia to a Market Value of $3 Trillion: In a remarkable development,
Nvidia has achieved a significant milestone thanks to the increasing momentum in the field of artificial intelligence,
reaching a market value of $3 trillion.
The share price of the AI chip company surged by more than 5% during Wednesday’s session.
Nvidia Corporation was already the world’s most valuable semiconductor company,
and now it has become the first chip company to reach a market value of $3 trillion.

Content

Nvidia’s Rising Shares

Market Value History

Future of AI

Company Development

Competition with Major Companies

Nvidia’s Rising Shares

The company’s shares, headquartered in Santa Clara, California,
This year has risen by nearly 147%, adding approximately $1.8 trillion
to its market value due to the massive demand and hunger for the chips it produces and uses to power AI tasks.
Nvidia’s shares jumped by as much as 5.1% during Wednesday’s trading session,
briefly pushing the company’s market value to $3 trillion, surpassing Apple.

Market Value History

Nvidia’s market value surpassed Apple’s in 2002, five years before the launch of the first iPhone.
Both companies were valued at less than $10 billion each at that time.
The chip company has shown no signs of slowing down or allowing its competitors to catch up;
CEO Jensen Huang announced that it plans to develop AI accelerators yearly.

Future of AI

In a speech to attendees at National Taiwan University,
Huang said that the emergence of generative AI represents a new industrial revolution.
Nvidia expects to play a major role as these technologies transition to personal computers.
Angelo Zino, senior equity analyst at CFRA Research, stated: “We see this radical change very early on.”

Company Development

After the CEO’s keynote speech, Zino said he likes “seeing the development” and
foresees “greater momentum in demand for GPUs/CPUs as well as networking,
which will lead to an upside in consensus estimates.”
Nvidia has arguably been the biggest beneficiary of the massive AI spending spree,
supporting its race to become the world’s most valuable company.

Competition with Major Companies

While Nvidia still lags behind Microsoft in market value,
it could take the top spot if there is any decline in the shares of the current market leader on Wall Street.
Therefore, it might just be a matter of time before it claims the title.
Apple has faced pressure on its shares this year due to concerns about slowing iPhone demand in China and a fine from the European Union.
However, the outlook has become more positive now as investor sentiment towards the iPhone maker slowly improves.

AI Drives Nvidia to a Market Value of $3 Trillion.

AI Drives Nvidia to a Market Value of $3 Trillion

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