AI beats mobile phones: Nvidia is already more valuable than Apple

In just one quarter, Nvidia raises its price by one trillion dollars, leaving all mobile and Internet technology companies behind.

The company Nvidia continues to break records that are difficult to explain. Or, on the contrary, it is very easy: its shares have risen like foam thanks to its total dominance of the AI ​​chip market. Today it has reached 3.05 billion market capitalization, surpassing Apple.

Nvidia it’s worth today almost a trillion dollars more than Amazon (1.9 trillion) and Google (2.1 trillion), and double the value of Meta (1.2 trillion). Artificial intelligence is taking over mobile phones and the Internet, and it has not yet begun to take off…

It is only ahead of Microsoft (3.1 billion), which has also experienced a rise in the last year, thanks to AI.

Nvidia’s record growth

For all software companies, AI is a promise of future revenue, because right now practically no one makes money with AI. With one exception: Nvidia. In the last quarter entered 14,000 million dollars with the sale of their artificial intelligence chipswhich dominate 95% of the market.

Big tech companies are fighting over Nvidia’s H100 GPUs, and the queue to buy them can last for months.

Nvidia has also been, for decades, leader in the sale of gaming and professional graphics cards. It is not surprising that today it has reached the 3.01 trillion dollars capitalization on the stock market, according to The Verge.

The most impressive thing is not the number, but the speed with which Nvidia has gotten here. Jensen Huang’s company was “only” worth $1 trillion in May 2023, after brutal growth since the pandemic, with the rise of video games and cryptocurrencies.

It took almost 30 years to be worth one trillion dollars, but only nine months to reach the second trillion… and only four months to reach $3 trillion. It is the greatest growth in the stock market in history.

For now, it seems that this frenetic pace is not going to stop. No rival can match the performance of NVIDIA’s AI chips, and it plans to accelerate production by launching a new version every year. Your Blackwell B200 GPUs are almost ready. It is no wonder that Jensen Huang has been voted the best CEO in the world.

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Tags: NVIDIA, Artificial Intelligence