World’s Most Valuable Company : Nvidia
Nvidia is a well-known technology company that makes graphics processing units (GPUs).
- This new development is a big deal in the tech business.
- Nvidia has now surpassed tech giants like Microsoft and Apple.
- Nvidia’s market value reached an all-time high of $3.326 trillion on June 18, when its stock price went up by 3.2% and reached $135.21 per share.
- This big rise in value happened after Nvidia passed Apple and became the second most valuable company a few days before.
- Nvidia’s shares have gone up a huge 173% over the year, doing much better than other tech companies like Microsoft.
- This sudden rise is mostly because of the high demand for Nvidia’s high-end chips, which are currently hard to find.
- Nvidia’s great market performance is due in large part to its leading position in the artificial intelligence (AI) field.
- Nvidia’s GPUs are very important for AI technologies, which puts the company in the middle of a race between the biggest tech companies.
- Big companies like Microsoft, Meta Platforms, and Alphabet (Google’s parent company) are all working to improve their AI computer skills so they can lead this new field.
