Wednesday, November 6th 2024

NVIDIA Surpasses Apple as the World's Most Valuable Company

by
btarunr
 Discuss (58 Comments)
Valued at $3.43 trillion against Apple's $3.38 trillion at the time of this writing, NVIDIA Corporation is now the most valuable company in the world. NVIDIA has been the hottest tech stock since 2021, as it created the most valuable IP of this decade—AI GPUs, which were ready just in time for OpenAI and ChatGPT to open its doors, jumpstarting the generative AI revolution. NVIDIA's AI GPUs didn't come to being overnight, the company had been investing in the parallel computing and HPC space since the 2000s, with its CUDA programming language that lets application exploit the SIMD parallelism of its GPUs. In the mid-2010s, the company created the Tensor core, accelerating AI, and invested heavily in AI frameworks. Some of the most fundamental research leading up to GPT was done on NVIDIA GPUs. This would lead to the big payoff in the 2020s, helping NVIDIA become a multi-trillion-dollar company. Founding CEO Jensen Huang has been NVIDIA's brains and spine throughout the company's 30+ year journey, and its success could not be possible without him at the reins.
Source: CNBC

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58 Comments on NVIDIA Surpasses Apple as the World's Most Valuable Company

#26
AnotherReader
azraelI'm not thinking of Google's mobile SoC, but I still believe I heard Google talk about tensor cores before nVidia. Not that it matters either way.
Yes, Google's TPU, first used in 2015, predates Nvidia's tensor cores which were introduced in 2017 by Volta. The first TPU uses a systolic array and Nvidia's tensor cores are suspected to be systolic arrays as well.
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#27
Chrispy_
Part of the success here is the same reason Apple became so successful - captive audiences locked into expensive walled gardens.

How many AI tools run on CUDA? I'm dealing with a few of them (well, dealing with licensing for a few of them, I don't actually use much other than ChatGPT myself) and an Nvidia card is in the system requirements. OpenAI isn't making a dent in CUDA, unfortunately.
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#28
Tomorrow
N3utroWhy would they buy intel when all their own tech is better than intel's?
Patents mostly.
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#29
tpuuser256
A GPU company #1 in the world, crazy ahh times
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#30
Readlight
Beginner Macro DeviceWake me up when NVIDIA + Apple net worth surpasses the US National Debt.
Time to declare bankruptcy and confiscate assets.
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#31
Lew Zealand
tpuuser256A GPU company #1 in the world, crazy ahh times
An AI accelerator company during the peak of AI hype, who's decreasingly important gaming GPU profit now barely pays the company's tax bill, is the most in-demand company for stock market speculators.
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#32
tpuuser256
Lew ZealandAn AI accelerator company during the peak of AI hype, who's gaming GPU division barely covers the company's tax bill, is the most in-demand company for stock market speculators.
I find it very funny that a company with roots in gaming managed to get to the top of the world in valuation a few decades later. Jensen played his cards right.
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#33
Lew Zealand
tpuuser256I find it very funny that a company with roots in gaming managed to get to the top of the world in valuation a few decades later. Jensen played his cards right.
100% The company has put continuing time and effort into CUDA and it's massively paying off over a decade later.
Posted on Reply
#34
Wirko
Vayra86It seems like Huang FINALLY has enough money to get rid of those cheapo leather jackets now.

He looks so happy I think he'll give Blackwell away on deep sale.
Hm. Is that JHH in the picture? You could be right. I sure didn't recognise him.
Posted on Reply
#35
mrnagant
FreedomEclipseThis picture is fake. Ai generated. There is no way Jensen would leave the house or his office without his leather jacket.

2023 Capital Hill meeting with big tech for the Inaugural AI Insight Forum.
Posted on Reply
#36
sixor
azraelMaybe I remember incorrectly, but wasn't Google that invented the tensor core?
No

It is just a cool name
Posted on Reply
#37
wheresmycar
No more jokes about Jens leather jacket, its now practically an emblem of success, part of the winning formula :respect:

Is it just me, or does seeing NVIDIA overtake Apple as the highest-valued publicly traded company feel oddly satisfying? Perhaps its my life-long adoption of Nvidia products or just my lack of enthusiasm for Apple products.
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#38
Random_User
tpuuser256I find it very funny that a company with roots in gaming managed to get to the top of the world in valuation a few decades later. Jensen played his cards right.
nVidia is an enterpise oriented company since the inception of CUDA. The only diference is, that nVidia was gaining it's success in GPGPU deceitfully, by positioning their gaming cards as compute ones. Thus, they should be liable, for this, as it falsely advertises, and falsely reports about product sales, and positioning. Might be written in a confusing way, but I hope you will get the idea.
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#39
Princess Garnet
Legacy-ZAYet, it's never enough.

How about a well priced new generation of GPU's to celebrate this milestone Huang?
They will be well priced all right... well priced for nVidia's profit, haha.

Even though I was slightly late to getting into PCs compared to when nVidia got involved, I still saw them from close to their earliest days, and it's a bit strange seeing a company that used to just be a "graphics card" company being the largest company in the world. I'm not sure how I feel about that. Neither positive nor negative really, bit it is a clear sign nVidia isn't serving the PC consumer market first and foremost anymore.
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#40
dartuil
imagine the guy just got 10billion this month according forbes
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#41
chrcoluk
People hate Intel so much they would rather Nvidia buy it so we can be sold £2000 CPUs?
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#42
mechtech
Funny thing is, if all the foundries cut them both off they would both be dead in the water.......................
Posted on Reply
#43
Scrizz
mechtechFunny thing is, if all the foundries cut them both off they would both be dead in the water.......................
That would be an awesome time to be alive!
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#44
Prima.Vera
L1onI don't think this will stay for long time >>> after the so high demand finish < AI chips not like our phone
You are correct. it will not stay for long. It is foresee that NVidia will bypass 4 Trillions by the end of the fiscal year.
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#45
de.das.dude
Pro Indian Modder
still waiting for a stable 2060 driver that doesnt interfere with bluetooth and audio :rolleyes: from most valuable company
Posted on Reply
#47
Dr_b_
the market for apple products is likely saturated
Posted on Reply
#48
Wirko
mechtechFunny thing is, if all the foundries cut them both off they would both be dead in the water.......................
You mean, both foundries would be dead in the water?
Posted on Reply
#49
dalekdukesboy
Vayra86It seems like Huang FINALLY has enough money to get rid of those cheapo leather jackets now.

He looks so happy I think he'll give Blackwell away on deep sale.
lol . I was going to slam his stupid leather jackets but you did an admirable job doing so!
Posted on Reply
#50
Prima.Vera
Apple's market is overly saturated, especially since they are releasing, for example, almost the exact same phones for the past 5-6 years; while the demand for NVidia AI/GPU cards is ever at its peak with so many orders that the company cannot even keep up. That, and the basically zero competition on the AI segment.
Yes, nGreedia will be the first to reach the 10 Trillion mark as a company.
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