NvidiaThe beloved company responsible for the graphics card in many of our PCs, Microsoft has become the most valuable company in the world, surpassing Google, Apple and many others. All this is due to the growth of the artificial intelligence market, and the emphasis that NVIDIA has placed in this segment in recent years.
At the close of business yesterday, June 18, 2024, NVIDIA’s stock market capitalization has reached $3.3 billion, keeping itself ahead of the companies that hold the distinction of being the most valuable in the world. With that, the company’s shares rose 3.2% to $135.21 in Tuesday’s session, adding a value of $103 billion.
This is something that many have already expected. So far this year, NVIDIA shares surged 173%. In comparison, Microsoft’s share grew by just 19% and Apple’s by 11%. In 2019, an NVIDIA share price was $3.79 in June 2019, and is now $135.58, representing an increase of 3477.31% in five years.
As we have already mentioned, Part of this is due to the company’s focus on artificial intelligence in recent years. years, it is clear that their investment in this market has had positive results. Relatedly, NVIDIA issues warnings about artificial intelligence. Likewise, Mexico will be NVIDIA’s new center for artificial intelligence.
Author’s Note:
In an ever-changing market, it will be interesting to see how long we see NVIDIA as the most successful company on the planet. Maybe it will only last a few days or a few years. It all depends on whether artificial intelligence is that important to the industry.
Through: Tech power up
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