Less than two weeks after Nvidia surpassed Apple in overall valuation, the GPU maker has now surpassed Microsoft to become the world’s most valuable company as it makes chips that are key to a boom in technology that generates artificial intelligence.
As of Tuesday’s close, its share price was US$135.58, an increase of US$4.60 from the previous trading day, and its market value reached US$3.335 trillion. That’s more than Microsoft ($3.32 trillion), Apple ($3.29 trillion) and Google ($2.17 trillion). After June 7, Nvidia’s stock price split 10-for-10, lowering the overall stock price, but the surge in the company’s value was astonishing. In 2024, its stock price has risen by 160%, and the company’s market value only exceeded the $2 trillion mark in February.
In its last earnings report in May, Nvidia reported more than $26 billion in revenue ahead of the launch of its new Blackwell GPU architecture later this year, along with the B200, which it called “the most powerful chip in the world.” ” . CEO Jen-Hsun Huang said Blackwell units cost “$30,000 to $40,000,” and the company plans to release new artificial intelligence chips every year.
