NVIDIA became the second most valuable company in the world, surpassing Apple
June 5, 2024
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In recent years, Apple and Microsoft have often battled to become the largest company in the world. In that race, Apple and Microsoft were ahead. Now a third
In recent years, Apple and Microsoft have often battled to become the largest company in the world. In that race, Apple and Microsoft were ahead. Now a third company is joining the fray: the one whose shares are soaring thanks to its breakthrough in artificial intelligence. NVIDIA.
With US stock markets closing, NVIDIA shares ended the day at $1,224 and 40 cents, up 5%. Thus, the company’s value on the stock market exceeded 3 trillion dollars and rose to 3 trillion 14 billion dollars. Apple also displaced him from his second-place spot.
Approaching Microsoft
Microsoft stock, which is at the top, is at the top of the day. from $417.80 started and closed the day at 422 dollars and 75 cents. Thus, the value of the company on the stock market was determined at 3 trillion and 90 billion dollars. Looking at the difference and the recent rise of NVIDIA, we can see that the top spot will soon change hands.
Those who want to develop artificial intelligence tools Google, Microsoft, Amazon and Meta Beaten by giants and others, NVIDIA is currently the undisputed ruler of the market, and this is reflected in the company’s value. The company, which was valued at $950 billion a year ago, in 2022 When ChatGPT was first announced, it was valued at approximately $400 million. NVIDIA stock’s rise in the past year was 156%.
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.