Move over, Apple. NVIDIA became the second most valuable company in the world with a capitalization of $3.01 trillion with a capitalization of $3.01 trillion

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Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

NVIDIA has become the second most valuable company in the world. The chip giant's market capitalization hit $3.01 trillion on Wednesday evening, surpassing Apple's $3 trillion in value.

NVIDIA now dominates the artificial intelligence race, primarily thanks to its H100 chips, and the company's market capitalization continues to grow. Just a year ago, in May 2023, NVIDIA's value reached $1 trillion, and then exceeded $2 trillion in February of this year, surpassing the value of Amazon and Alphabet (Google).

Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

In May, NVIDIA reported a whopping $14 billion in profit from all chip sales, after which its shares rose 24%. NVIDIA currently trails only Microsoft, which currently has a market capitalization of $3.15 trillion. NVIDIA shares are worth $1,224, but the company plans to split shares on June 7.

Investors are confident that NVIDIA's huge sales growth to cloud companies will continue. In the most recent quarter, its revenue from its data center business, which includes sales of graphics processors, rose 427% from a year earlier to $22.6 billion, about 86% of the company's total sales.

Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

Meanwhile, Apple shares have risen only about 5% this year as the iPhone maker's sales growth has stalled in recent months. In its latest quarterly earnings report, Apple said overall sales fell 4%, with iPhone sales down 10% year-over-year. Apple faces strategic questions and challenges regarding demand in China, manufacturing, and a mixed response to its new Vision Pro virtual reality headset.

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Apple was the first company to reach a market capitalization of $1 trillion and then $2 trillion. It long held the title of the most valuable US company, but was surpassed earlier this year by Microsoft, which has also benefited from investor demand for AI infrastructure.

Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

NVIDIA artificial intelligence accelerators account for 70% to 95% of the market. The company plans to launch a new AI chip every year, starting with the Blackwell B200 GPU expected later this year, and a new Vera Rubin GPU architecture has already been officially announced.

Sources: CNBC, The Verge, Google Finance

The Technology section is published with the support of Favbet Tech

Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

Подвинься, Apple. NVIDIA стала второй по стоимости компанией мира с капитализацией в $3,01 трлн с капитализацией в $3,01 трлн

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