Wednesday, June 19th 2024
NVIDIA Beats Microsoft to Become World's Most Valuable Company, at $3.34 Trillion
With a market capitalization of USD $3.34 trillion, NVIDIA has beaten Microsoft to become the world's most valuable company. The company's valuation doubled year-over-year, thanks to its meteoric rise as the preeminent manufacturer of AI accelerator chips that's in a dominant position to support the productization and mainstreaming of generative AI, and the company only expects further growth of the AI acceleration industry. Chris Penrose, global head of business development for telecom at NVIDIA, speaking at an event in Copenhagen, said "The generative AI journey is really transforming businesses and telcos around the world," he said. "We're just at the beginning." BBC notes that eight years ago, NVIDIA was worth less than 1% of its current valuation.
In the most recent quarterly result, Q1 fiscal 2025, NVIDIA posted a revenue of $26 billion, with the Data Center business handling the company's AI GPUs making up the lion's share of it, at $22.6 billion. The Gaming and AI PC segment, which handles the GeForce GPU product line that used to be NVIDIA's main breadwinner until a few years ago, made just $2.6 billion, in stark contrast. This highlights that NVIDIA is now mainly a data center acceleration hardware company that happens to sell visual compute products on the side, along with a constellation of smaller product lines such as robotics and automobile self-driving hardware. With NVIDIA at the number-1 spot, the top-5 most valuable companies in the world are all American tech giants—NVIDIA, Microsoft, Apple, Alphabet (Google), and Amazon. The other companies in the top-10 list include Meta and Broadcom.
Source:
BBC
In the most recent quarterly result, Q1 fiscal 2025, NVIDIA posted a revenue of $26 billion, with the Data Center business handling the company's AI GPUs making up the lion's share of it, at $22.6 billion. The Gaming and AI PC segment, which handles the GeForce GPU product line that used to be NVIDIA's main breadwinner until a few years ago, made just $2.6 billion, in stark contrast. This highlights that NVIDIA is now mainly a data center acceleration hardware company that happens to sell visual compute products on the side, along with a constellation of smaller product lines such as robotics and automobile self-driving hardware. With NVIDIA at the number-1 spot, the top-5 most valuable companies in the world are all American tech giants—NVIDIA, Microsoft, Apple, Alphabet (Google), and Amazon. The other companies in the top-10 list include Meta and Broadcom.
61 Comments on NVIDIA Beats Microsoft to Become World's Most Valuable Company, at $3.34 Trillion
Nvidia is only the 4th most valued company today.The most valued company is Chipotle Mexican Grill, an international chain of fast casual restaurants specializing in bowls, tacos, and Mission burritos made to order in front of the customer.
It looks like Mexican cuisine is a bigger hype than AI.
P.S. but suddenly It got delisted? Current value is $89.19 B, so Nvidia is in 3th position.
Guarding yourself against threats is always a moving target. I don't see the difference here. New counter move: only give each other cash. Great way to preserve the availability of cash too. Two birds, one stone.Yeah where is our cut! I say we get the pitchforks out and march on Huang's house.
Agree though, ai is bollocks apart from maybe certain engineering or design stuff.
Somehow I just don't think the efficiency gains from AI will offset the problems caused by it. But Pandora's Box is open, and mega-corps are all in on the hype train, so there's nothing we can do but strap in for the ride.