Nvidia is only behind Microsoft

Chip giant Nvidia has reached an impressive milestone by becoming the second most valuable company in the world.

On Wednesday afternoon (05), Nvidia’s market capitalization reached US$3.01 trillion, surpassing Apple, which is valued at US$3 trillion. This notable advancement highlights the company’s dominant position in the race for artificial intelligence (AI).

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The rise in the AI ​​market

Nvidia has been a standout in the AI ​​race with its flagship chip, the H100, propelling the company to new heights. In May 2023, Nvidia became a company valued at US$1 trillion and, in February of this year, it surpassed the US$2 trillion mark. This growth trajectory has made it more valuable than giants like Amazon and Alphabet.

In May, the company reported an impressive profit of $14 billion, the result of massive sales of its chips. Currently, Nvidia is only behind Microsoft, which has a market capitalization of US$3.15 trillion.

Nvidia shares are priced at more than $1,220 per share, but the company plans to split shares on June 7, a strategy that could attract even more investors.

The company’s AI accelerators dominate between 70% and 95% of the AI ​​chip market, according to CNBC. This dominance is a reflection of the company’s continued innovation and ability to meet the growing demand for AI technology. Nvidia plans to release a new AI chip annually, starting with the Blackwell B200 GPU, which is expected to launch later this year.

Nvidia’s impact and future

The company’s meteoric rise in the financial and technological market highlights the growing importance of artificial intelligence in various sectors. The company has been a key pillar in the evolution of AI, providing the infrastructure necessary for significant advances in areas such as machine learning, natural language processing and high-performance computing.

Nvidia’s future looks bright, with ambitious plans to launch new AI chips annually and continue to lead technological innovation. The stock split scheduled for June 7 could further democratize investor access to the company’s shares, potentially boosting its market value to new heights.

Fonte: The Verge