Nvidia has surpassed both Microsoft and Apple to become the world’s most valuable company. This development reflects the significant impact of artificial intelligence on the market, with Nvidia being a key player in this sector.
Per the latest information available, the net worth of Nvidia is now approximately $3.34 trillion surpassing Apple who have approximately $2.62 trillion, and that of Microsoft about $2.89 trillion.
Nvidia’s milestone comes amid an artificial intelligence craze that has made its chips and graphics processing units increasingly valuable to fellow tech companies like Microsoft, Meta, Amazon and Alphabet.
Microsoft is estimated to make up 15% of Nvidia’s revenue, according to Bloomberg supply chain data, and Nvidia is estimated to control between 70% and 95% of the AI chip market, CNBC reported, citing Mizuho Securities. Nvidia, which reported $8.4 billion in net income in its 2023 fiscal year, shows little to no signs of slowing down, as analysts forecast its net income to surpass Apple’s in just four years. (Forbes)
