Key Points:
- Nvidia’s Market Capitalization Hits $3.01 Trillion, Surpassing Apple.
- AI Dominance with H100 Chip Boosts Nvidia’s Market Value.
- Nvidia’s Plans for Annual AI Chip Releases Starting with Blackwell B200 GPU.
Nvidia has ascended to become the second most valuable company globally, achieving a market capitalization of $3.01 trillion. This milestone, reached on Wednesday afternoon, places Nvidia just ahead of Apple, which stands at $3 trillion.
Nvidia’s remarkable ascent is largely driven by its leadership in the AI sector, particularly with its flagship H100 chip. The company’s market cap first hit the $1 trillion mark in May 2023, soared past $2 trillion by February of this year, and has now surpassed Amazon and Alphabet in valuation.
The company’s financial performance has been nothing short of stellar. In May, Nvidia reported an impressive $14 billion in profit, primarily due to the high demand for its chips. Currently, Nvidia’s stock is valued at over $1,220 per share, with a planned stock split set for June 7th.
Nvidia’s dominance in AI technology is further underscored by its substantial market share in AI accelerators, which ranges from 70 percent to 95 percent according to CNBC. Looking ahead, Nvidia is committed to annual advancements in AI technology, beginning with the anticipated release of the Blackwell B200 GPU later this year.
With its relentless innovation and strategic vision, Nvidia is not only shaping the future of AI but also setting new benchmarks in market value and technological prowess.
