Nvidia Briefly Hit $1.83 Trillion Value, Beating Amazon And Google

Expert Verified By

AI Continues To Drive New Records For Nvidia!

Though it was for a short while, Nvidia’s market valuation of $1.83 trillion, with shares above $740, exceeded that of Amazon and Google.

By contrast, Amazon had $1.8 trillion in value at the time, while Alphabet, the parent company of Google, had roughly $1.82 trillion. The last time Nvidia was more valuable than Amazon was in 2002 when they were each worth under $6 billion.

When the trading was over, Nvidia fell short of the other two tech rivals, but the fact that it could rise so much was incredible, considering that its valuation was only $300 billion in October 2022.

GPUs like the H100 raked in massive profits for Nvidia last year. With sales exceeding 900 tonnes in a single quarter, this immediately increased the company’s profit margins since it reportedly earns 1000% in profits on each unit sold.

Jensen Huang Nvidia CEO
Nvidia CEO Jensen Huang

At present, Nvidia’s market capitalization stands at $1.784 trillion, Amazon’s at $1.790 trillion, and Google’s (Alphabet) at $1.841 trillion. Nvidia’s AI department has the largest impact on its worth.

The company makes semiconductor chips that enable generative AI, a sector that is currently quite profitable. As per Forbes, the stock of the firm has gained 17,000% in the last ten years.

A ten-year-old $1,000 Nvidia investment would now be valued at almost $175,000. Nvidia is now the fourth most-valued public business, following behind Apple, Microsoft, and Saudi Aramco, respectively.

It is currently the most well-known manufacturer of the semiconductor chip technology underlying generative artificial intelligence. Investors are thrilled by Nvidia’s already skyrocketing performance, as well as the company’s ability to profit from the expanding interest in artificial intelligence.

The improvement in Nvidia’s stock performance demonstrates how the excitement surrounding AI is driving up stock values. The AI systems that drive ChatGPTs and Geminis around the world are powered by the company’s semiconductors with no end in sight. 

Artificial Intelligence has a bright future, and AMD also seems interested in playing a significant role in this quickly expanding industry. With its stock price rising recently and an enhanced revenue estimate for 2024, AMD is establishing itself as a serious player in the AI space.

To accommodate this increased demand, AMD is now rapidly growing its supply chain. This demonstrates its dedication to maintaining the lead in the cutthroat AI industry and profiting from its increasing success.

While Nvidia dominates 70% of the market for AI accelerators, AMD may be able to increase its market share by utilizing its GPU as a Service business model. For AMD, this might be a game-changer and help it catch up to Nvidia.

Was our article helpful? ๐Ÿ‘จโ€๐Ÿ’ป

Thank you! Please share your positive feedback. ๐Ÿ”‹

How could we improve this post? Please Help us. ๐Ÿ˜”

Latest News

Join Our Community

104,000FansLike
32,122FollowersFollow

Trending

Assassin’s Creed Shadows: Ubisoft Rejected Historically Accurate Pitch For ‘Progressive’ Narrative

An Ex Ubisoft contractor has revealed that his pitch for Assassin's Creed Shadows that had more accurate narrative was rejected.

TEAMGROUP Debuts Three New T-Force Siren AIO Coolers

TeamGroup is set to offer three new AIO coolers as part of the T-Force Siren lineup as it combines RGB and high-performance cooling.

Ghost of Tsushima Becomes Third Biggest PS Game On PC

Ghost of Tsushima has become the third biggest PlayStation game on PC with just 1k players shy to become the second biggest.

Death Stranding 2 Now In Final Polishing Phase

Death Stranding 2 is moving ahead with a fast pace since the studio has wrapped up motion capture and voice acting.

Elder Scrolls Online Is “Equal To 10 Single-Player Games,” Says Lead Dev

The Elder Scrolls Online Narrative Director believes the game offers enough content in this MMO to match 10 single-player releases.