Nvidia has achieved a historic milestone by surpassing Microsoft and Apple to become the world's most valuable publicly traded company. With a market capitalization of $3.34 trillion, Nvidia leads over Microsoft's $3.32 trillion and Apple's $3.29 trillion valuations. This achievement follows a successful 10-for-1 stock split in June, which positioned Nvidia favorably for inclusion in the Dow Jones Industrial Average.
Founded in 1991, Nvidia began as a gaming company focused on producing high-performance graphics cards. Today, it is a dominant force in artificial intelligence (AI) technology, providing approximately 80% of AI chips used in high-end data centers. The company’s powerful graphics processors have become indispensable to industry giants such as OpenAI, Google, Amazon, and Microsoft.
Nvidia’s influence extends beyond gaming and AI. During the GPU-mining boom in the early 2010s, Nvidia's processors were widely used for cryptocurrency mining until the rise of application-specific integrated circuits (ASICs). The company's continuous innovation is marked by the release of advanced microprocessors every two years, with the latest Blackwell architecture debuting in 2024.
In Q1 2024, Nvidia reported robust financial performance, generating $26 billion in revenues, including $22.6 billion from its data center operations. CEO Jensen Huang has pledged to release new AI chipsets annually, reflecting the company's commitment to driving the modern industrial revolution across all sectors of the global economy.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.