- Nvidia has beaten Apple and Microsoft to become the first company to reach a $5 trillion market cap.
- Exponential growth has been possible thanks to the AI revolution over the past few years.
- What started as a small setup has become the world’s biggest tech company.
Back in 1993, Jensen Huang started Nvidia as a small setup, unsure whether it even had a future. Over 30 years later, Nvidia is a household name dominating the GPU landscape and has now achieved a major milestone.
As of today, Nvidia has become the first company ever to hit a $5 trillion market cap. While the company is indeed the world’s most prominent graphics card manufacturer, its sales have seen a significant boost since the AI boom.
Why it matters: Nvidia crossing this massive milestone signifies its place as the biggest company in the tech space, and it continues to grow at an exponential pace, crossing $5 trillion just 3 months after hitting $4 trillion.
Today, Nvidia saw an around 3% increase in its stock price, taking its market cap to over $5.07 trillion- the first company to do so. However, others like Apple and Microsoft have also grown beyond $4 trillion.
The biggest reason for this huge growth has been the AI revolution and Nvidia’s leadership. Since ChatGPT arrived, the company has seen big leaps, with its GPUs at the center of it all.
There were concerns that Nvidia stocks might take a hit following the US tariffs, but the company has continued its upward trend. Its financial report is also due in mid-November, so that we will get more detailed results then.
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News Reporter
Abdullah is an avid gamer who primarily plays single-player titles. If you can’t find him anywhere, he’ll probably be at his desk playing The Witcher 3 for the millionth time. When he isn’t playing games, he’s either reading or writing about them.
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