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Nvidia becomes world’s most valuable company
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Nvidia is now the most valuable company in the world, having overtaken Microsoft to grab the number one spot.
Back in February we reported that Nvidia had becomeworth more than Alphabet(aka Google) and Amazon. Then, earlier this month, the GPU maker leapfrogged Apple into the number two spot
Now Nvidia has hopped over the final hurdle, surpassing Microsoft to become the most valuable company in the world.
At the close of trading on Tuesday, Nvidia’s stock hadrisen 3.5% to $136, pushing its value to $3.34 trillion. That places it beyond Microsoft’s $3.32 trillion and Apple’s $3.29 trillion, while Google languishes on $2.17 trillion.
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It’s been a meteoric rise for the American GPU company, and one that has come off the back of the explosion in AI. Nvidia has all but cornered the market for chips that power large language models (LLMs), with the Nvidia H100 chip running OpenAI’s ChatGPT. Meta and indeed Microsoft itself also use the company’s accelerators.
As a result, supplies of Nvidia’s H100 chip have been limited, forcing up prices and sending Nvidia’s value through the roof. The companyannouncedthe new B200 back in March, which its claims provided a seven-fold increase over the H100 in a GPT-3 LLM benchmark.
With rivals investing in their own AI processors, Nvidia’s privileged position might not last forever, but for now it’s sitting firmly on top of the tech world.
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Jon is a seasoned freelance writer who started covering games and apps in 2007 before expanding into smartphones and consumer tech, dabbling in lifestyle and media coverage along the way. Besides bein…
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Founded in 2003, Trusted Reviews exists to give our readers thorough, unbiased and independent advice on what to buy.
Today, we have millions of users a month from around the world, and assess more than 1,000 products a year.
Editorial independence means being able to give an unbiased verdict about a product or company, with the avoidance of conflicts of interest. To ensure this is possible, every member of the editorial staff follows a clear code of conduct.
We also expect our journalists to follow clear ethical standards in their work. Our staff members must strive for honesty and accuracy in everything they do. We follow the IPSO Editors’ code of practice to underpin these standards.
