GPU developer Nvidia’s market capitalization has reached $3 trillion. This is the first chip company in history with this indicator, Bloomberg reports.
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Nvidia has surpassed Apple in terms of capitalization and now the developer is in second place after Microsoft. In 2024, the company’s share price grew by 147%. Demand for Nvidia chips is driven by the rapid development of the AI field in which the company’s chips are used.
The day before, on June 5, the company’s shares rose again by 5.2%. At closing its value was $1,224.40. Thus, Nvidia’s capitalization increased to more than 3 billion dollars.
Previously, Nvidia overtook Apple in capitalization in 2022. At that time, the corporation had not yet launched the first iPhone and the value of both companies was less than $10 billion each.
At the same time, as Bloomberg writes, there is no reason to predict a decline in Nvidia’s growth rate today. The company does not allow its competitors to catch up. Previously, Nvidia CEO Jensen Huang announced that the company will now release new chips annually, instead of once every two years, as has been the case until now.
In early June, Nvidia unveiled the Rubin AI processor at the Computex computer technology exhibition in Taipei, Taiwan. Production is scheduled to begin at the end of 2025.
Author:
Natalia Gormaleva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
