Nvidia, a company of the artificial intelligence revolution become the world’s most valuable company. Now, Nvidia overtake tech giant Microsoft in market value.
This Tuesday, Nvidia’s market value soared to a staggering $3.335 trillion. This increase came after its stock price climbed by 3.5 percent. This milestone follows closely on the heels of Nvidia overtaking Apple.
Microsoft and Apple now hold the second and third positions, respectively.
A key to Nvidia’s success is its dominance in the artificial intelligence about 80 percent of the AI chip market. These chips are crucial for powering AI technologies.
Not only this, in the 2000s, under the guidance of CEO Jensen Huang, the company pivoted to develop its technology for broader applications. This strategic shift has paid off immensely.
An initial investment of $10,000 in Nvidia back in 1999 would be worth over $59 million today. Jensen Huang, Nvidia’s CEO, has seen his net worth soar, placing him among the wealthiest individuals globally.
