Nvidia Surpasses Apple as World's Most Valuable Company, Riding AI Wave

Nvidia Just Became the World's Most Valuable Company, Ahead of Apple. Here's What Happens Next. | The Motley Fool

Nvidia (NVDA 2.25%) has reached many milestones this year, from soaring past $1,000 a share to being invited into the Dow Jones Industrial Average. The latest achievement for the top chipmaker is surpassing Apple to become the world's most valuable company at $3.57 trillion. This already happened once earlier in the year -- but it didn't last. Will Nvidia stay ahead this time? Demand for Nvidia's artificial intelligence (AI) chips is strong, the general AI market is set to climb from $200 billion to $1 trillion this decade, and Nvidia has a big catalyst right around the corner -- the launch of its new Blackwell architecture. All of that is positive and supports the idea of Nvidia staying on top. That said, Nvidia shares have climbed more than 190% so far this year and 2,700% over the past five years. If the stock price stagnates at any point, taking a break after a long string of gains, Apple could easily pull ahead -- especially since growth is far from over at the smartphone giant. Any potential snafu in Nvidia's Blackwell launch also could hold the stock back. Let's take a closer look at the details and consider what may happen next. First, a little background on Nvidia's path so far. The company once was most known for selling graphics processing units (GPUs) to power video games, but the ability of these high-performance chips to process many tasks at once made them ideal for other uses, too -- such as driving key AI tasks, like the training and inferencing of models. With the AI boom, Nvidia took off, selling not only GPUs but a full portfolio of other products and services to customers developing AI projects. Nvidia's earnings surged, and in recent quarters, they've climbed in the triple digits. At the same time, gross margin has widened, passing 70% and showing Nvidia is highly profitable. The general market has recognized Nvidia's importance in today's economy. The Dow Jones Industrial Average recently invited Nvidia to join, replacing chipmaker Intel in the benchmark index. As mentioned, Nvidia stock has surged this year, rising so much that the company decided on a 10-for-1 stock split to make it easier for a broader range of investors to buy the stock. A split lowers the price of individual shares by issuing additional shares to current holders but doesn't change the market value or anything fundamental about the company. Since the split in early June, Nvidia shares have continued to march higher, gaining about 20%. What's next for Nvidia? Investors will keep a close eye on two major catalysts ahead -- the company's Nov. 20 earnings report and the launch of Blackwell. These events may set the tone for the coming months and could determine whether Nvidia will stay ahead of Apple when it comes to market value. Nvidia expects to deliver double-digit revenue growth in the quarter, according to its most recent outlook. Though this is slower than the triple-digit growth we've seen, it shouldn't be viewed as a slowdown. Here's why. Nvidia has increased its revenue to such high levels so quickly over the past couple of years that comparison quarters now are getting difficult. In the third quarter of last year, revenue already reached $18 billion. So it's perfectly natural that the rate of growth eventually would pull back somewhat. Investors also should be on the lookout for comments about the Blackwell launch during the upcoming earnings call. So far, Nvidia has said the production ramp-up is beginning in the fourth quarter and it will post billions of dollars in Blackwell revenue during that period. The company also said demand has surpassed supply, showing that customers continue to flock to the chipmaker for their AI needs. Finally, though it's important to consider these near-term events, it's crucial to do this with a long-term mindset. News that represents a short-term win or loss, for example, generally won't impact the company's earnings and share-performance picture over five or 10 years. Investors should consider this before buying or selling a stock on the latest news of the day. Nvidia's long-term prospects are bright, thanks to the company's market leadership, innovation to stay ahead, and earnings strength. Whether the company remains the most valuable in the world or slips back behind Apple, the stock still makes an excellent one to buy and hold for the long haul.

Nvidia Overtakes Apple as World's Most Valuable Company

Robust demand for artificial intelligence infrastructure has fueled Nvidia's meteoric rise. Nvidia (NVDA) shares rose Monday, propelling the AI chip leader into the top spot on the list of the world's most valuable companies. Shares climbed 1.5% Monday morning, giving Nvidia a market capitalization of $3.37 trillion, slightly more than the previous leader Apple's (AAPL) $3.36 trillion. Apple shares were down slightly Monday after slumping last week amid a tech sell-off and disappointing quarterly profits. Nvidia and Apple, along with software and cloud computing giant Microsoft (MSFT), have been vying for the title of the world's most valuable company since the summer. Nvidia was about a third of the size of Apple and Microsoft at the beginning of the year, when its market cap stood at $1.2 trillion. Since then, robust demand for AI has fueled the stock's meteoric rise. Tech giants like Microsoft, Amazon (AMZN), Google parent Alphabet (GOOG, GOOGL), and Meta (META) have committed to spending hundreds of billions of dollars this year and next on infrastructure, with much of that spending going toward the Nvidia semiconductors and servers required to train and run AI models. The stock hit a road bump in mid-July, when a litany of factors from recession fears to rotation out of mega caps into small-cap stocks, and concerns about unsustainable AI spending sank tech stocks from their all-time highs. Nvidia shares shed a quarter of their value between mid-July and mid-August, but rebounding optimism about artificial intelligence and the resilience of the U.S. economy has revived the stock's historic bull run.

Nvidia surpasses Apple to become world's most valuable company

Nvidia is now the world's most valuable company, surpassing Apple in a tech shake-up that reflects the growing dominance of artificial intelligence. Nvidia's market capitalization rose nearly 3 percent Tuesday and closed at $3.43 trillion, ahead of Apple's $3.4 trillion. Nvidia shares, which have nearly tripled so far in 2024, closed Tuesday at $139.91 before edging slightly lower in after-hours trading. The company saw explosive growth in 2023 when it emerged as the primary source of the graphics processing units, or GPUs, used in the computers that power artificial intelligence operations. The chipmaker's revenue has doubled in each of the last five quarters. Nvidia became just the third company to reach a $3 trillion market capitalization earlier this year, joining Apple and Microsoft. The AI darling briefly passed Apple to become the world's most valuable company in June before sliding back into the No. 2 spot. Apple, the first company to reach a $1 trillion and $2 trillion market cap, has been working to carve out its own niche within the AI boom as Nvidia dominates in GPU production. Apple's shares have risen more than 20 percent this year, and it recently rolled out Apple Intelligence features on iPhones. The company claims Apple Intelligence offers a more useful and private implementation of AI that's tailored specifically for iPhones. But Apple has been bogged down by a slow rollout of AI in its products and has secured fewer chips to power AI innovation than some of its biggest rivals. Meanwhile, Nvidia has benefited from large technology companies' investment in its artificial intelligence infrastructure, which helps run AI models such as OpenAI's ChatGPT. Microsoft, the world's third-largest company with a market cap of about $3.1 trillion, has been a major customer for Nvidia's GPUs as it pursues its own AI exploration. Nvidia leapfrogged Apple just days after it knocked another tech sector heavyweight -- Intel -- out of the Dow Jones Industrial Average. The chipmaker will join the blue-chip index before the market opens on Friday in an effort to better represent the modern semiconductor industry, S&P Dow Jones Indices said last week.

Nvidia passes Apple as world's most valuable company

Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia shares have almost tripled in 2024, as investors show continued confidence in the company's ability to maintain a rapid growth rate from its graphics processing units, or GPUs, and a leadership position in the artificial intelligence market. Apple shares are up about 17% this year, although many analysts say the recent release of the Apple Intelligence suite of features for iPhones could drive increased sales and put the company in a leadership position in "edge AI," which relies less on GPU-based servers. Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software such as OpenAI's ChatGPT. Its stock is now up more than 2,700% in the past five years, and revenue has more than doubled in each of the past five quarters, tripling in three of them. Apple was the first company to reach a $1 trillion and a $2 trillion market cap. Nvidia previously passed Apple in June before sliding over the summer. Microsoft, ranked third with a market cap of close to $3.1 trillion, is a major customer of Nvidia GPUs to fuel its partnership with OpenAI as well as its own AI ambitions. Founded in 1991 to produce chips for playing 3D games, Nvidia has taken off in recent years for a very different reason. Over the past decade, scientists and researchers discovered that the same Nvidia chip designs that could render polygons and computer graphics were ideal for the kind of parallel processing needed for AI. Nvidia then developed software and more powerful chips specifically for AI. Last week, Apple reported a 6% increase in revenue for the most-recent quarter but signaled weaker growth than analysts expected in the current period. Nvidia is scheduled to report results Nov. 20.

Nvidia passes Apple as world's most valuable company

Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia shares have almost tripled in 2024, as investors show continued confidence in the company's ability to maintain a rapid growth rate from its graphics processing units (GPUs) and a leadership position in the artificial intelligence market. Apple shares are up about 17% this year, although many analysts say the recent release of the Apple Intelligence suite of features for iPhones could drive increased sales and put the company in a leadership position in "edge AI," which relies less on GPU-based servers. Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software like OpenAI's ChatGPT. Its stock is now up more than 2,700% in the last five years, and revenue has more than doubled in each of the past five quarters, tripling in three of them. Apple was the first company to reach a $1 trillion and a $2 trillion market cap. Nvidia previously passed Apple in June before sliding over the summer. Microsoft, ranked third with a market cap of close to $3.1 trillion, is a major customer of Nvidia GPUs to fuel its partnership with OpenAI as well as its own AI ambitions. Founded in 1991 to produce chips for playing 3D games, Nvidia has taken off in recent years for a very different reason. In the past decade, scientists and researchers discovered that the same Nvidia chip designs that could render polygons and computer graphics were ideal for the kind of parallel processing needed for AI. Nvidia then developed software and more powerful chips specifically for AI. Last week, Apple reported a 6% increase in revenue for the most recent quarter but signaled weaker growth than analysts expected in the current period. Nvidia is scheduled to report results on Nov. 20.

Nvidia surpasses Apple to become world's most valuable company

Nvidia became the largest company in the world on Tuesday, surpassing Apple and underscoring just how dominant artificial intelligence has become on Wall Street. Shares rose 2.9% to $139.93, resulting in a market capitalization of $3.43 trillion, ahead of Apple at $3.38 trillion. Microsoft, which Nvidia passed last month, has a market cap of $3.06 trillion. Nvidia has soared more than 850% since the end of 2022. "Over the past several quarters, it has felt like people basically care about inflation numbers, job numbers, and Nvidia numbers," said Fall Ainina, director of research at James Investment Research. "Nvidia overtaking Apple in market cap not only conveys that it is the biggest beneficiary of the AI infrastructure cycle, but it suggests people expect the AI boom will continue." The chipmaker accounts for 7% of the weight of the S&P 500 Index and is responsible for about a quarter of the benchmark's 21% gain this year. Nvidia previously closed with the title of largest company in June, although it only held the record for a day. The biggest companies on Wall Street are all heavily exposed to artificial intelligence: Apple with its newly launched AI iPhones; Microsoft, Amazon.com, and Alphabet with their cloud businesses and AI services; and Meta Platforms' AI features and ad targeting. With the exception of Apple, these companies are all among Nvidia's largest customers, and they have stressed their commitment to continuing to spend on AI. Last week, Apple's results underlined concerns about its revenue growth, along with weakness in China. Nvidia will report later this month. Not only are the biggest companies by market cap AI plays, but so are the year's top stock performers. Nvidia's 183% advance is the third-largest in the S&P 500 this year, behind Vistra -- the power producer that has seen a surge in demand related to AI -- and data-analysis software firm Palantir Technologies. Recent strength has come as the company calmed investor concerns about issues involving its Blackwell chip, which was delayed due to engineering snags, as well as its long-term growth prospects. Analysts expect Nvidia's revenue to more than double in its current fiscal year and rise another 44% during the following, according to data compiled by Bloomberg. Wall Street analysts have continually raised estimates for Nvidia's earnings and profit over the past quarter. Beyond the Blackwell optimism, recent sales from Taiwan Semiconductor Manufacturing showed strong AI demand, while a funding round for OpenAI resulted in a $157 billion valuation. OpenAI recently released an AI model with reasoning capabilities, something Alphabet Inc. is also working on. "The implication of AI is extraordinarily large, and these Big Tech companies are investing hundreds of billions into it, with Nvidia benefiting the most," said James Investment's Ainina. "Overall there continues to be a good picture for its prospects."

Nvidia becomes the world's most valuable company, surpassing Apple and Microsoft

The big picture: Nvidia briefly overtook Apple as the world's most valuable company late last month, but this week it solidified that position for the second time in a more definitive way. The GPU maker's meteoric rise and the dethronement of Intel on the Dow Jones index signifies a major shift toward AI in the tech sector. However, uncertainty still surrounds the new technology. Ending Wednesday with a market cap of $3.57 trillion, Nvidia has surpassed Apple to become the world's most valuable company. Over the last two years, the AI boom has multiplied Nvidia's market cap, stock price, and revenue, with no signs of slowing down. Since generative AI began gaining popularity, companies worldwide have scrambled to acquire GPUs for AI models, with Nvidia's products being the most sought after by far. This trend has increased the company's market cap by 218 percent over the past year and more than 3,000 percent in the last five years. Nvidia first overtook Apple to claim the top spot in June when its market cap reached $3.34 trillion. However, a brief wobble in the AI sector in September caused a $279 billion loss - the biggest one-day drop in US history. This shift raised concerns that the AI boom, arguably the tech industry's biggest trend since the advent of the Internet, could be headed for a collapse reminiscent of the dot-com bust. While this outcome remains possible - given the uncertain financial returns from AI and lukewarm customer interest - Nvidia has since recovered all of its September losses and then some. With Nvidia firmly positioned at the top of the tech world alongside giants like Apple, Microsoft, Amazon, and Google, its position relative to former chip leader Intel is another sign of generative AI's impact. Chipzilla has faced multiple serious problems recently, leading to thousands of layoffs, buyout talks, and likely the company's first annual net loss in almost four decades. Many observers believe that missing the AI boom was one of Intel's key missteps. Another stark indicator of the companies' divergence is Nvidia CEO Jensen Huang's $104 billion net worth, which briefly surpassed Intel's entire market cap last month, although Intel has since rebounded to $107 billion.

Nvidia becomes the world's most valuable company by market capitalization -- Chipmaker dethrones Apple for the second time this year

The AI hype is in full throttle, as Nvidia is now the largest company in the world by market cap. With a market capitalization of $3.52 trillion, Nvidia has effectively dethroned Apple for the second time this year. This news follows developments in the stock market, with Nvidia's shares surging by 2.72% this morning. All top leaders had a bullish start to the day, but a 0.64% uptick wasn't enough for Apple to hold off the green storm. Nvidia now stands as the world's largest company by market cap, but will it be able to defend its position? If so, for how long? A deeper dive into Nvidia's stock shows that just one year ago, its market cap stood at roughly $1.1 trillion, netting us a 214% increase in the stock price within just 365 days. This is genuinely unprecedented growth, most of which can be attributed to Nvidia's ventures in the AI market as the chipmaker's accelerators continue to fuel the hype train. Q2 24 earnings show that Nvidia's revenue rose by 141% QOQ, increasing to $10.3 billion in data centers, while gaming was a measly 11% at $2.5 billion. With virtually every company planning to get a piece of the AI pie, they still require chips specifically tailored for Artificial Intelligence training and inference. Nvidia's latest Blackwell-based B100 and B200 GPUs are reportedly sold out for the next 12 months. Companies revolving around AI, such as OpenAI, Microsoft, Alphabet, Meta, you name it, are all in an arms race to procure the latest chips from Nvidia. AMD's CDNA3-based MI325X and the upcoming CDNA4-based MI355X could shake things up somewhat. For the time being, companies might still be inclined to prefer Nvidia due to its better software stack; however, more competition is good for evsuitablene - even multi-trillion-dollar conglomerates. The question boils down to mass-scale production since data centers and supercomputers require 10,000 to 100,000 GPUs, so it ultimately depends on whether either company can fulfill the required demand within the required time. These have been two very eventful years for not just Nvidia but its CEO, Jensen Huang, who is set to receive an honorary doctorate in engineering. Financially, consumer GPUs seem to be an afterthought for Nvidia, although leaks suggest that Nvidia is eying a January 2025 reveal for the much-anticipated RTX 50 series.

Nvidia overtakes Apple again as world's most valuable company

AI-tech titan Nvidia has retaken the lead as the world's most valuable company after shares surged almost 3% on Oct. 5, beating out competitor tech firms Apple and Microsoft. Nvidia shares climbed around 2.84% on the day, which saw the company's market capitalization reach $3.43 trillion, compared to Apple's $3.38 trillion and Microsoft's $3.06 trillion. Apple shares had yet to recover from a late October slump after the company's sales outlook came in weaker than expected, and fiscal Q4 earnings fell short of expectations. Microsoft shares also hadn't come back from one of its worst trading days in two years after the tech giant cut its guidance for the fourth quarter of 2024. Meanwhile, Nvidia stock has nearly tripled this year on the back of powerful sales growth and the firm's continued investment in accelerated computing and generative AI. Nvidia first passed both Apple and Microsoft in June to become the most valuable company -- though that only lasted for a day. Its stock has gained 9.5% over the past month and 190% year-to-date and is currently trading at $139.91, according to Google Finance. Related: AI crypto tokens wobble as Nvidia posts good but not good enough earnings Nvidia makes computer chips and graphics processing units used in various computer applications, including artificial intelligence. At the start of 2024, asset manager UBS tipped AI revenue to hit $420 billion in 2027, representing a compound annual growth rate (CAGR) of 72%. In a note to investors in January, researchers from UBS called ChatGPT the "iPhone moment" for the AI industry. "We see much more infrastructure spending [...] driven by emerging trends like GPU cloud and AI edge-computing. Also, with broadening AI demand and rising monetization trends, we see solid growth for AI applications & models," said UBS in a note to investors. "We believe AI will remain the key theme driving global tech stocks again in 2024 and the rest of the decade."

NVIDIA surpasses Apple as the single most valuable company in the world

TL;DR: NVIDIA has become the world's most valuable publicly traded company, surpassing Apple with a market cap of $3.43 trillion, driven by its dominance in AI hardware. NVIDIA's share price has surged 2,700% over five years, nearly tripling in 2024 alone. NVIDIA has surpassed Apple for the second time to become the world's single most valuable publicly traded company after the GPU maker's share price rose nearly 3%. NVIDIA's market cap reached $3.43 trillion, putting it just a smidge above Apple's $3.4 trillion. As for NVIDIA, the company has seen extreme growth that can be attributed to it supplying the demand for hardware to conduct artificial intelligence-based tasks. Additionally, NVIDIA was extremely well-positioned to capitalize on the early opportunity of AI, which has proven very beneficial for it as the company has been able to maintain its extraordinary growth and it's dominating lead in the GPU market. For context, NVIDIA's share price has skyrocketed an astounding 2,700% over a 5-year period, with the company's share price having almost tripled in just 2024. As for Apple, the company's share price has increased 17% this year, with some industry analysts predicting Apple's share price could increase when Apple Intelligence is fully deployed. Additionally, Apple was the first company to reach a $1 trillion and $2 trillion market cap, and NVIDIA briefly surpassed Apple's market cap back in June. Just under Apple and NVIDIA is Microsoft, with a $3.1 trillion market cap. In other NVIDIA news, the GPU maker will be replacing Intel on the Dow Industrial Average index, where the company was positioned for 25 years.

Nvidia Takes Short-Lived Lead Over Apple In Valuation - NVIDIA (NASDAQ:NVDA)

Strong AI demand has doubled Nvidia's revenue over five quarters. On Monday, Nvidia Corp NVDA briefly claimed the title of the most valuable company globally, surpassing Apple Inc AAPL in market value. Nvidia's stock surge pushed its market cap to $3.38 trillion, edging past Apple's $3.35 trillion, CNBC reports. Although Apple regained the lead by the end of the day, Nvidia's rise highlights the company's trajectory from a 3D gaming startup to a dominant player in artificial intelligence (AI). Also Read: Taiwan Semiconductor Faces Rising Energy Costs, Potential Outages Threaten Production Much of Nvidia's growth stems from its graphics processing units (GPUs), originally built for gaming but now critical in AI technology, enabling deep learning and cloud computing advances. Nvidia's revenue has soared, doubling over five quarters and tripling in three, driven by strong demand for its Blackwell AI GPU. Major tech firms like Microsoft Corp MSFT, Meta Platforms Inc META, Alphabet Inc's GOOG GOOGL Google, and Amazon.Com Inc AMZN are heavily investing in Nvidia's GPUs, including the H100, to advance their AI projects. Nvidia was recently added to the Dow Jones Industrial Average, replacing Intel Corp INTC. Jim Cramer highlighted Google's planned increase in AI infrastructure investments next year as a significant potential boost for Nvidia. Cramer noted that Alphabet's third-quarter solid earnings and growing focus on AI set Nvidia up for further gains in the AI sector. Nvidia's origin story began in 1993 when co-founder and CEO Jensen Huang joined engineers Chris Malachowsky and Curtis Priem at a San Jose Denny's restaurant, where they decided to start the company. Back then, Huang was driven by a vision to develop affordable computing chips, a goal that first materialized in 1995 with the NV1 chip. Although the NV1 struggled technically, nearly driving Nvidia to bankruptcy, the company's next innovation -- the RIVA 128 chip -- gained commercial success in 1997. Investors can gain exposure to Nvidia through SPDR S&P 500 ETF Trust SPY and iShares Core S&P 500 ETF IVV. Price Action: NVDA stock is up 2.8% at $139.88 at last check Tuesday. Also Read: Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines Photo: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Nvidia Blows Past Apple To Become World's Most Valuable Company - NVIDIA (NASDAQ:NVDA)

Nvidia will be joining the Dow Jones Industrial Average on Nov. 8, replacing Intel and joining Apple in the blue chip index. NVIDIA Corp. NVDA passed Apple, Inc. AAPL to become the world's largest publicly traded company on Tuesday. The Details: Nvidia ended Tuesday's trading session with a market capitalization of $3.43 trillion, slightly edging out Apple's $3.38 trillion valuation, according to data from Benzinga Pro. The semiconductor giant's dominance in the artificial intelligence chip market has fueled its exponential growth of more than 200% over the past year. Read More: Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important Nvidia briefly passed Apple in market cap in June before sliding over the summer. Nvidia's ascent to the top highlights the growing importance of AI technology and the pivotal role that Nvidia's specialized hardware plays in its development. Despite Nvidia's remarkable growth over the past year, analysts remain bullish on the company's growth ahead. The three most recent analyst ratings were released by BofA Securities, Goldman Sachs and Morgan Stanley in October with an average price target of $163.33 between the three. There's an implied 17.04% upside for Nvidia stock from these analyst ratings. Last Friday, S&P Dow Jones announced that Nvidia is joining the Dow Jones Industrial Average on Nov. 8 replacing Intel Corp. INTC and joining Apple in the blue-chip index. NVDA Price Action: According to data from Benzinga Pro, Nvidia shares ended Tuesday's session 2.84% higher at $139.91. Read Also: Shock October Jobs Report Leaves Fed In 'Tight Spot:' Experts Say Interest Rate Cuts Ahead Image: Shutterstock Market News and Data brought to you by Benzinga APIs

Take that, Apple: Nvidia is once again the world's most valuable company at $3.43 trillion

Forget about AI GPUs, Nvidia sells more in networking bits than Intel does server CPUs. As I peck out these very words on a dilapidated MacBook Air M1, Nvidia has once again overtaken Apple as the world's most valuable company. The markets are currently closed. But Apple's share price puts its total market capitalization, or its share prices multiplied by the number of shares, at $3.38 trillion. Nvidia? It clocks in at $3.43 trillion. Of course, share prices of even the biggest companies can be volatile. So, there's no guarantee that Nvidia will remain on top even in the time is takes me to finish this story, publish it and put it before your eyes. But the more often Nvidia sits atop the table, the more valid its claim to be the world's most valuable company. That status, of course, is largely down to booming sales on Nvidia AI chips, used for training and running all those large language models like ChatGPT. To put some numbers on that, Nvidia sold around $22 billion in AI GPUs for datacenters in its most recent quarter. That compares to $3.549 billion for datacenter CPUs and GPUs combined for AMD. As for Intel, its datacenter revenue was $3.3 billion. So, you can see where Nvidia makes its money. Actually, here's a factoid that puts things into perspective. In order to use Nvidia's AI GPUs, you need some specialised networking kit. Nvidia, of course, will be happy to sell you that kit. And it turns out Nvidia sold $3.668 billion of that kit. In other words, more than AMD or Intel sold in the actually important stuff. The flip side to all this is that if feels like Nvidia's riches are somewhat precarious. Should spending billions on LLMs fall out of fashion, Nvidia's revenues would plummet. Equally, the whole AI thing could explode even further and Nvidia could become even more valuable. Heck, if Nvidia's plans to make Arm chips for PCs plays out, it will be richer still, though you could argue its phones Nvidia really needs to get into if it wants to beat Apple directly at its game. Whatever, we doff our metaphoricals to Nvidia's financial prowess. For a company that started out making a few chips that were decent at filtering textures in 3D games, Nvidia has come an awfully, awfully long way.

Nvidia Overtakes Apple as World's Most Valuable Company

Nvidia AI chips surge the company's market value to US$3.43 trillion Nvidia has become the world's largest company overtaking Apple with a market cap of US$3.43 trillion. This massive valuation is a result of a surge in the demand for AI technologies. AI Chips from the company power the applications of several AI and large language models like ChatGPT. Nvidia's chips empowered AI development on both the research and commercial sides. The stock of Nvidia has appreciated by 850% since late 2022. Thus, representing the leading position of the company in AI hardware.

Nvidia Was Once 30 Days Away From Going Out of Business. Here's Why It Just Overtook Apple to Become the World's Biggest Company.

Nvidia has grown since its early days, including one point when it was on the brink of going out of business. Nvidia passed Apple on Tuesday to claim the top spot as the biggest company in the world with a market cap of $3.43 trillion to Apple's $3.38 trillion. At the time of writing, Nvidia had a market cap of $3.584 trillion, higher than Apple's $3.389 trillion and Microsoft's $3.102 trillion. Apple and Microsoft are currently in second and third place. According to Bloomberg, Nvidia's market cap rising above Apple's shows that AI has become "dominant" on Wall Street. The move also shows that investors expect the AI boom to continue. Nvidia counts the biggest tech companies as its clients, including Meta, Microsoft, and Google. Related: '100% Nvidia's Fault': CEO Jensen Huang Says the Company's AI Chip With 'Insane' Demand Had a Crucial Design Flaw It's the second time this year that Nvidia has become the world's most valuable company. The first was on June 18 when Nvidia's market cap hit $3.34 trillion -- though within a week, the AI chipmaker was down to third place, behind Microsoft and Apple. The milestone of this market cap peak represents the long way that Nvidia has come from its early days. Nvidia was founded in 1993, and, by 1996 was on the brink of going out of business. The company's CEO and co-founder Jensen Huang said there was a 50-50 chance the business would survive the period and let go of half its staff. The turning point, and the moment of Nvidia's continued survival, was the Riva 128 graphics chip the company released in April 1997. The chip put Nvidia "back on the map," generating revenue for the company that they put back into R&D, which helped "establish Nvidia as a leader in computer graphics," according to the IEEE Computer Society. Though Nvidia endured after all, Huang never forgot the tumultuous period -- and he never let his employees forget it, either.

Nvidia surpasses Apple as world's biggest company

Chip-making giant Nvidia surpassed Apple on Tuesday to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street. Shares in the AI juggernaut rose 2.9 percent to $139.93, swelling its market capitalization to $3.43 trillion, ahead of Apple at $3.38 trillion. Nvidia previously became the largest traded company in June, although it only held the record for a day. It is currently worth more than Amazon and Meta combined. The world's biggest tech companies have invested tens of billions of dollars into Nvidia's powerful AI technology that is the central component for training powerful generative AI systems such as OpenAI's ChatGPT or Google's Gemini. Nvidia on Friday will join the Dow Jones Industrial Average, underscoring the stratospheric rise of a company whose share price has skyrocketed more than 850 percent since the end of 2022 when the release of ChatGPT sparked an AI frenzy.

NVIDIA beats Apple in Market Cap as AI Fuels Rapid Growth

NVIDIA's revenue has doubled each quarter, underscoring its role as a backbone of AI infrastructure. NVIDIA's market capitalisation surged by nearly 3% on Tuesday, closing at $3.43 trillion and narrowly edging out Apple's $3.38 trillion valuation. The company's stock closed at $139.91, though it dipped slightly in after-hours trading. This marked a major shift within the tech industry; NVIDIA has surpassed Apple to become the world's most valuable company. Apple, which first reached a $1 trillion market cap in 2018 and later $2 trillion, has seen its own shares rise by over 20% this year. Recently, Apple introduced 'Apple Intelligence' on its devices, which delivers a more privacy-focused AI experience. However, the company faces challenges, including a slower AI deployment and a reduced supply of AI chips compared to its competitors. The company's ascent signals a broader trend as investors increasingly look toward AI companies. "NVIDIA surpassing Apple in market capitalisation not only highlights its position as the leading beneficiary of the AI infrastructure boom, but it also signals that investors anticipate the AI surge will continue," commented Fall Ainina, director of research at James Investment Research. NVIDIA's growth has been driven by its dominance in the GPU market, supplying critical hardware for AI applications such as OpenAI's ChatGPT. Over the past year, NVIDIA's revenue has doubled each quarter, underscoring its role as a backbone of AI infrastructure. This success has led to a nearly threefold increase in NVIDIA's stock value in 2023, with shares surging over 2,700% in the past five years.

Nvidia share price, market cap: AI chipmaker is now first company in history to surpass stock market value of $3.6 trillion

Nvidia shares have soared and the stock market value of the AI chipmaker has hit $3.6 trillion.Nvidia shares rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House, as per a report. The dominant AI chipmaker's shares rose 2.2 per cent, lifted by broad investor optimism about tax cuts and lower regulations after the Republican candidate's Tuesday election victory, Reuters reported. Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's record closing market capitalization of $3.57 trillion reached on October 21, before the chipmaker on Tuesday overtook the iPhone maker as the world's most valuable company, according to LSEG data. Apple's stock rose 2.1 per cent on Thursday, leaving it with a market value of $3.44 trillion. The S&P 500 technology index has surged over 4 per cent in the two sessions since Trump won the election on Tuesday. Nvidia has been the U.S. stock market's biggest winner from a race between Microsoft, Alphabet and other heavyweights to build out their AI computing capacity and dominate the emerging technology. The Silicon Valley chip designer's stock has climbed 12 per cent in November, with its value tripling so far in 2024. Following this year's surge, Nvidia now exceeds the combined value of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group and Netflix. Analysts on average see Nvidia increasing its quarterly revenue by over 80 per cent to $32.9 billion when it reports its results on November 20, according to LSEG. In June, Nvidia briefly became the world's most valuable company before it was overtaken by Microsoft and Apple. The tech trio's market capitalizations have been neck-and-neck for several months. Microsoft's market value stood at nearly $3.16 trillion, with its stock up 1.25 per cent on Thursday. Q1. What is the stock market value of Nvidia? A1. Nvidia is the first company in history to surpass a stock market value of $3.6 trillion. Q2. What is the stock market value of Apple? A2. Apple's stock rose 2.1 per cent on Thursday, leaving it with a market value of $3.44 trillion.

Nvidia Rides AI Wave to Pass Apple as World's Largest Company

Nvidia Corp. became the largest company in the world on Tuesday, surpassing Apple Inc. and underscoring just how dominant artificial intelligence has become on Wall Street. Shares rose 2.9% to $139.93, resulting in a market capitalization of $3.43 trillion, ahead of Apple at $3.38 trillion. Microsoft Corp., which Nvidia passed last month, has a market cap of $3.06 trillion. Nvidia has soared more than 850% since the end of 2022.

Nvidia rides AI wave to surpass Apple as world's largest company

Nvidia became the largest company in the world on Tuesday, surpassing Apple and underscoring just how dominant artificial intelligence has become on Wall Street. Its share price rose 2.9% to $139.93, resulting in a market capitalization of $3.43 trillion, ahead of Apple's $3.38 trillion. Microsoft, which Nvidia passed last month, has a market cap of $3.06 trillion. Nvidia has soared more than 850% since the end of 2022. "Over the past several quarters, it has felt like people basically care about inflation numbers, job numbers, and Nvidia numbers," said Fall Ainina, director of research at James Investment Research. "Nvidia overtaking Apple in market cap not only conveys that it is the biggest beneficiary of the AI infrastructure cycle, but it suggests people expect the AI boom will continue."

Nvidia surpasses $3.6 trillion market value after Trump win

Nvidia reached a historic $3.65 trillion market value, becoming the first company to surpass this threshold. This achievement was fueled by a broader market rally following Donald Trump's election victory, which spurred optimism about potential tax cuts and deregulation.Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House. The dominant AI chipmaker's shares rose 2.2%, lifted by broad investor optimism about tax cuts and lower regulations after the Republican candidate's Tuesday election victory. Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world's most valuable company, according to LSEG data. Apple's stock rose 2.1% on Thursday, leaving it with a market value of $3.44 trillion. The S&P 500 technology index has surged over 4% in the two sessions since Trump won the election on Tuesday. Nvidia has been the U.S. stock market's biggest winner from a race between Microsoft, Alphabet and other heavyweights to build out their AI computing capacity and dominate the emerging technology. The Silicon Valley chip designer's stock has climbed 12% in November, with its value tripling so far in 2024. Following this year's surge, Nvidia now exceeds the combined value of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group and Netflix. Analysts on average see Nvidia increasing its quarterly revenue by over 80% to $32.9 billion when it reports its results on Nov. 20, according to LSEG. In June, Nvidia briefly became the world's most valuable company before it was overtaken by Microsoft and Apple. The tech trio's market capitalizations have been neck-and-neck for several months. Microsoft's market value stood at nearly $3.16 trillion, with its stock up 1.25% on Thursday.

Nvidia surpasses $3.6 trillion market value after Trump win

Nov 7 (Reuters) - Shares of Nvidia (NVDA.O), opens new tab rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House. The dominant AI chipmaker's shares rose 2.2%, lifted by broad investor optimism about tax cuts and lower regulations after the Republican candidate's Tuesday election victory. Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's (AAPL.O), opens new tab record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world's most valuable company, according to LSEG data. Apple's stock rose 2.1% on Thursday, leaving it with a market value of $3.44 trillion. The S&P 500 technology index (.SPLRCT), opens new tab has surged over 4% in the two sessions since Trump won the election on Tuesday. Nvidia has been the U.S. stock market's biggest winner from a race between Microsoft (MSFT.O), opens new tab, Alphabet (GOOGL.O), opens new tab and other heavyweights to build out their AI computing capacity and dominate the emerging technology. The Silicon Valley chip designer's stock has climbed 12% in November, with its value tripling so far in 2024. Following this year's surge, Nvidia now exceeds the combined value of Eli Lilly (LLY.N), opens new tab, Walmart (WMT.N), opens new tab, JPMorgan (JPM.N), opens new tab, Visa (V.N), opens new tab, UnitedHealth Group (UNH.N), opens new tab and Netflix (NFLX.O), opens new tab. Analysts on average see Nvidia increasing its quarterly revenue by over 80% to $32.9 billion when it reports its results on Nov. 20, according to LSEG. In June, Nvidia briefly became the world's most valuable company before it was overtaken by Microsoft (MSFT.O), opens new tab and Apple. The tech trio's market capitalizations have been neck-and-neck for several months. Microsoft's market value stood at nearly $3.16 trillion, with its stock up 1.25% on Thursday. Reporting by Noel Randewich; Editing by Lisa Shumaker Our Standards: The Thomson Reuters Trust Principles., opens new tab Noel Randewich Thomson Reuters San Francisco correspondent covering the stock market with a focus on Big Tech, semiconductors and other Silicon Valley companies

Nvidia Surpasses $3.6 Trillion Market Value After Trump Win

(Reuters) - Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House. The dominant AI chipmaker's shares rose 2.2%, lifted by broad investor optimism about tax cuts and lower regulations after the Republican candidate's Tuesday election victory. Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world's most valuable company, according to LSEG data. Apple's stock rose 2.1% on Thursday, leaving it with a market value of $3.44 trillion. The S&P 500 technology index has surged over 4% in the two sessions since Trump won the election on Tuesday. Nvidia has been the U.S. stock market's biggest winner from a race between Microsoft, Alphabet and other heavyweights to build out their AI computing capacity and dominate the emerging technology. The Silicon Valley chip designer's stock has climbed 12% in November, with its value tripling so far in 2024. Following this year's surge, Nvidia now exceeds the combined value of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group and Netflix. Analysts on average see Nvidia increasing its quarterly revenue by over 80% to $32.9 billion when it reports its results on Nov. 20, according to LSEG. In June, Nvidia briefly became the world's most valuable company before it was overtaken by Microsoft and Apple. The tech trio's market capitalizations have been neck-and-neck for several months. Microsoft's market value stood at nearly $3.16 trillion, with its stock up 1.25% on Thursday. (Reporting by Noel Randewich; Editing by Lisa Shumaker)

Nvidia just became the world's largest company amid AI boom | TechCrunch

Nvidia on Tuesday exceeded Apple's market capitalization to become the world's largest company, on the strength of a global AI push. As Bloomberg notes, the chipmaker has experienced an astronomical 850% growth since the tail end of 2022. Nvidia was valued at $3.43 trillion at the close of market, topping Apple's $3.38 trillion. This isn't the first time the two have swapped places; Nvidia also pushed past Apple in June, though it only held onto the top spot for a day. Apple recently launched its own small model generative AI offering, Apple Intelligence. Nvidia, on the other hand, remains a foundational piece of the world's top large language models -- for now. At the end of October, Reuters reported that ChatGPT-maker OpenAI has been working with Broadcom on its own proprietary systems.

AI Coins Rally As Nvidia Surpasses Apple As Largest Global Company

Nvidia fuels S&P 500 surge, contributing 7% weight amid global AI expansion efforts. Nvidia has surpassed Apple in market capitalization, reaching a historic $3.43 trillion valuation. This milestone is evidence of Nvidia's leadership in the artificial intelligence industry, which has also led to a significant increase in the number of AI themed cryptocurrencies. While Nvidia is enjoying the positive trends in the Artificial Intelligence technology, some of the AI coins such as NEAR Protocol, Internet Computer, Bittensor, Artificial Superintelligence Alliance, and Injective have surged. Nvidia Surpasses Apple as Largest Global Company On Tuesday alone, Nvidia's shares increased by 2.9%, making the company's market capitalization hit $3.43 trillion, which became only slightly higher than Apple's $3.38 trillion. The firm has been expanding at an extremely high rate due to the fact that its chips AI, have become indispensable for many Large Language Models available in the market today. Fall Ainina, the director of research at James Investment Research, said that the positioning of Nvidia as the world's largest company highlights the expectations of investors regarding further development of the Artificial intelligence market. Nvidia's stock has risen more than 850% since the end of 2022 due to its importance to the AI-based environment. This is because most of the leading tech companies such as Microsoft, Alphabet, Amazon, and Meta use Nvidia's chips in their AI systems. Wall Street analysts have revised the revenue estimates for Nvidia, with the firm expected to record more than double this fiscal year's earnings, and an additional 44% growth the following year. AI Coins Surge in Response to Nvidia's Market Success As Nvidia cements its status as a leader in AI, several AI-focused cryptocurrencies have seen a substantial increase in their prices. NEAR Protocol, an AI-friendly blockchain platform, rose by 5.46%, trading at $3.81 with a 24-hour trading volume of $222 million. Internet Computer, another AI-focused blockchain, surged by 4.99%, reaching $7.37 with a trading volume of $57 million. Other AI coins have also experienced notable gains. Bittensor, a decentralized AI platform, jumped 14.65% to $482.41, reflecting strong interest in AI-driven blockchain technologies. Artificial Superintelligence Alliance rose by 10.96% to $1.25, indicating investor confidence in projects supporting AI integration. Injective, a blockchain that enables decentralized AI applications, increased by 6.26% to $17.34. Market Response to AI's Growing Influence The rise of Nvidia to the leadership position in the global market cap highlights the growing role of AI in Wall Street. Some of the largest technology companies such as Microsoft, Amazon, Alphabet, and Meta have invested heavily in the advancement of AI with Nvidia providing the essential hardware. These companies' dependence on the AI chips by Nvidia has helped the company to grow at a very fast rate and boosted other AI coins. As per analyst, the stock and crypto rallies that are being driven by AI are set to keep on rising as more companies adopt AI in their operations. Nvidia alone makes up for 7% of the S&P 500 Index's weight and has contributed to a quarter of its 21% gain this year. Concurrently, the AI-related stocks, such as Nvidia, have been among the strongest-performing stocks in 2024. Despite these moves, Nvidia is facing regulatory scrutiny in its expansion efforts. The European Commission recently decided to review Nvidia's planned $700 million acquisition of Israeli AI startup Run Labs Ltd.

Market value of Nvidia and TSMC surges in October on strong AI chip demand

(Reuters) - Nvidia led a surge in market value among global firms in October, buoyed by unrelenting demand for its new supercomputing artificial intelligence chips as more companies integrate AI into their daily operations. Nvidia's market cap rose 9.3% in October to $3.26 trillion, while the company's supplier, TSMC, saw its market value increase 6.5% to $832.8 billion. The gains came after the world's largest contract chipmaker posted better-than-expected third-quarter earnings and gave a robust outlook for AI demand. Apple briefly ceded its top global market capitalization spot to Nvidia, with a 3% decline to $3.4 trillion last month on a modest growth forecast and sluggish sales in China, before bouncing back. The market values of Meta Platforms and Microsoft fell in October after both companies warned about escalating AI costs. Mark Haefele, chief investment officer at UBS Global Wealth Management, maintained his positive outlook on AI, advising investors to use near-term volatility as an opportunity to increase exposure to quality AI stocks. "We continue to favor select semi names and big tech, and we expect our AI portfolio to deliver 35% earnings growth in 2024 and 25% in 2025." In Asia, the market value of Tencent Holdings fell 9% to $483 billion in October, carried by a wider decline in Chinese shares due to sluggish economic data, geopolitical tensions and as investors paused to assess government support measures. U.S. drugmaker Eli Lilly's market value dropped 6.45% to $787.6 billion last month as its quarterly sales of high-profile weight-loss and diabetes drugs failed to meet Wall Street's sales estimates, resulting in a sharp decline in its shares. (Reporting By Patturaja Murugaboopathy and Gaurav Dogra in Bengaluru; Editing by Kirsten Donovan)