Nvidia recently achieved a milestone by quickly surpassing Microsoft and Apple to become the world’s most valuable company.
On 18th October 2024, Nvidia’s market value reached $3.3 trillion. However, the stock price of Nvidia dropped by 6.7% within two days, reducing its market value to $3.1 trillion, currently lagging behind Apple and Microsoft.
Nvidia’s current value exceeds the GDP of almost all world economies except for five. Its performance is even better than the entire stock market of France, Germany, and the United Kingdom. This highlights Nvidia’s tremendous global influence.
The driving force behind Nvidia’s growth is the increasing demand for artificial intelligence technology. Nvidia GPUs are crucial for AI applications.
Nvidia plans to release its most advanced AI platform in 2026 and collaborate with Foxconn to establish a computing center in Taiwan. Tesla currently uses Nvidia chips and plans to develop its own customized chips.
Nvidia’s recent 10-to-1 stock split may qualify it for inclusion in the Dow Jones Industrial Average, a prestigious index.
Nvidia’s collaboration with Microsoft in integrating AI software further strengthens its leadership position in the field of artificial intelligence.
Despite the volatility of Nvidia’s market value, its leading position and rapid growth in the field of artificial intelligence indicate a bright future.
