_nvidia-becomes-second-most-valuable-company-at-over-363-trillion-behind-microsoft-riding-on-the-ai-boom.jpg "Nvidia Becomes Second Most Valuable Company at Over $3 Trillion Behind Microsoft, Riding on the AI Boom from 18 gi Video Screenshot Preview")
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✓ Published: 07-Jun-2024
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✓ Published: 07-Jun-2024
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Nvidia's market value has surged past $3 trillion, overtaking Apple to become the second most valuable publicly listed company in the world behind Microsoft. Nvidia's share price rose 5% on Wednesday to over $1,200. Valued at just $2 trillion in February, Nvidia's announced stock split that will increase shares by 10x and lower their price is expected to generate more demand. Founded in 1993, Nvidia was originally a graphics chip maker but added machine learning features, positioning it for the AI revolution. Nvidia reported $26 billion in sales for the last quarter, more than triple the previous year's and up 18% from the prior quarter, showing explosive growth.
Nvidia's market value has surged past $3 trillion, overtaking Apple to become the second most valuable publicly listed company in the world behind Microsoft. Nvidia's share price rose 5% on Wednesday to over $1,200. Valued at just $2 trillion in February, Nvidia's announced stock split that will increase shares by 10x and lower their price is expected to generate more demand. Founded in 1993, Nvidia was originally a graphics chip maker but added machine learning features, positioning it for the AI revolution. Nvidia reported $26 billion in sales for the last quarter, more than triple the previous year's and up 18% from the prior quarter, showing explosive growth.
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