A week after reporting the first quarter earnings, NVIDIA has left behind Microsoft in market price to become the world’s most valuable company by market capitalization.
Nvidia shares increased by 3% on Tuesday, leading AI chipmaker market cap $ 3.45 trillion, more than Microsoft’s $ 3.44 trillion. At the time of writing, Nvidia and Microsoft have maintained their respective market values.
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“Global demand for Nvidia’s AI Infrastructure is incredibly strong,” Jensen Huang, CEO of Nvidia Stated in a press release Last week. “Countries around the world are recognizing AI as essential infrastructure – such as electricity and internet – and Nvidia stands at the center of this intense change.”
Nvidia is at the center of AI Boom. Its powerful AI chips are used by companies such as Openai, Meta, Google, Amazon and Oracle to make Openai’s chat and google’s Gemini.
This is the first time in about five months when Nvidia reached the top position. CNBC The last time Nvidia was the most valuable company. On 24 January. Nvidia is one of the world’s top three most valuable companies since last June, changing places with Microsoft and Apple.
Jensen Huang, CEO of Nvidia. Photo by i-HWA Cheng / AFP
NVIDIA earnings first quarter, reported last week, green Wall Street ExpectationsRevenue is increasing by 69% compared to the same period last year, which increased from $ 26.04 billion to $ 44.06 billion. Meanwhile, NVidia’s data center had a growth rate of 73% in revenue, which increased to $ 39.1 billion, while its gaming division increased by 42% to $ 3.8 billion.
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Nvidia’s stock is Grone More than 1,400% in the last five years and over 20% last year.
NVIDIA was established three decades ago and in the last decade a video game graphics was published with AI chip powerhouse from chip maker 70% to 95% Market share for AI chips. In April, the company announced that it was bringing the AI chip and supercomputer manufacturing to the US for the first time, and building new manufacturing plants across the country to support that effort.
