Nvidia has now become the most valuable publicly traded company in the world, overtaking Microsoft. The company’s total value has reached $3.45 trillion.
Its stock price went up by 3% to $141.40, continuing a strong upward trend that has lasted for weeks. This rise is mainly due to the high demand for Nvidia’s chips used in AI technology.
Nvidia’s recent success is backed by impressive growth. Its revenue reached $44.06 billion this year, showing a 69% increase compared to last year. Many major tech companies, including Microsoft, Meta, and Google, are using Nvidia’s chips to power their AI systems, boosting its business further.
Nvidia started in 1993 as a company that made graphic chips mainly for gaming. Over the years, it has grown and now plays a key role in AI computing. The company is now seen as a leader in the development of powerful chips that support machine learning and other advanced technologies.
The rising demand for AI tools and services has helped Nvidia’s stock rise quickly. Other chip companies like Broadcom and Micron also saw their shares increase, which helped lift the entire stock market.
Nvidia’s journey from a gaming chip company to a global tech leader shows how important AI has become in today’s world. As more businesses and services depend on AI, companies like Nvidia are expected to stay in high demand.
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