[NVDA] Nvidia is the world's most valuable public company
Автор: Filthy Rich News
Загружено: 2024-06-19
Просмотров: 29
Описание: Nvidia has surpassed Microsoft to become the world's most valuable public company, with a market cap of $3.34 trillion. Nvidia shares, up over 170% this year, have surged due to the growing demand for AI chips, making it a leader in the market with 80% share for data center AI chips. Its first-quarter earnings report in May further boosted its stock, which has multiplied more than ninefold since the end of 2022. Nvidia's data center business saw a 427% revenue increase from the previous year, contributing $22.6 billion, or 86% of total sales. Founded in 1991, Nvidia initially focused on gaming chips but has shifted towards AI technology, elevating co-founder and CEO Jensen Huang's net worth to $117 billion. Despite Microsoft's 20% share increase this year, driven by its investment in OpenAI and integration of AI models, Nvidia's rapid ascent marks a significant shift. Nvidia announced a 10-for-1 stock split, effective June 7.
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