๐๐ท๐ช๐ฅ๐ช๐ข ๐๐ฐ๐ณ๐ฑ.โ๐ด ๐ณ๐ฆ๐ญ๐ฆ๐ฏ๐ต๐ญ๐ฆ๐ด๐ด ๐ณ๐ข๐ญ๐ญ๐บ ๐ฉ๐ข๐ด ๐ฑ๐ณ๐ฐ๐ฑ๐ฆ๐ญ๐ญ๐ฆ๐ฅ ๐ต๐ฉ๐ฆ ๐ด๐ฆ๐ฎ๐ช๐ค๐ฐ๐ฏ๐ฅ๐ถ๐ค๐ต๐ฐ๐ณ ๐จ๐ช๐ข๐ฏ๐ตโ๐ด ๐ฎ๐ข๐ณ๐ฌ๐ฆ๐ต ๐ค๐ข๐ฑ๐ช๐ต๐ข๐ญ๐ช๐ป๐ข๐ต๐ช๐ฐ๐ฏ ๐ฐ๐ท๐ฆ๐ณ ๐ช๐ต๐ด ๐ฎ๐ฆ๐จ๐ข-๐ค๐ข๐ฑ ๐ต๐ฆ๐ค๐ฉ ๐ฑ๐ฆ๐ฆ๐ณ๐ด, ๐ฉ๐ฆ๐ญ๐ฑ๐ช๐ฏ๐จ ๐ช๐ต ๐ค๐ญ๐ช๐ฏ๐ค๐ฉ ๐ต๐ฉ๐ฆ ๐ต๐ช๐ต๐ญ๐ฆ ๐ฐ๐ง ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅโ๐ด ๐ฎ๐ฐ๐ด๐ต-๐ท๐ข๐ญ๐ถ๐ข๐ฃ๐ญ๐ฆ ๐ค๐ฐ๐ฎ๐ฑ๐ข๐ฏ๐บ ๐ข๐ด ๐ต๐ฉ๐ฆ ๐ข๐ณ๐ต๐ช๐ง๐ช๐ค๐ช๐ข๐ญ ๐ช๐ฏ๐ต๐ฆ๐ญ๐ญ๐ช๐จ๐ฆ๐ฏ๐ค๐ฆ ๐ธ๐ข๐ท๐ฆ ๐ค๐ฐ๐ฏ๐ต๐ช๐ฏ๐ถ๐ฆ๐ด.
The stock rose 3.5% to close at $135.58 a share Tuesday, putting the companyโs market value at about $3.3 trillion and catapulting it over those of Microsoft Corp. and Apple Inc. The top stocks have jockeyed all month for the pole position, with Nvidia finally edging past both of its big-tech peers.
Earlier in the month, Nvidia capped Apple by market value for the first time since 2002, and the two went back and forth in rankings in recent days. Last week, Apple also overtook Microsoft to trade in the top spot briefly.
The ranking is yet another reminder that AI is the top focus of many investors. Nvidia is seen as the biggest and earliest beneficiary of the technology as it dominates the market with its highly sought-after chips that help power data centers running complex computing tasks required by AI applications. Demand for its H100 accelerators are surging and helped drive the chipmakerโs sales up by more than 125% last year.
Microsoft, for its part, is also seen as an early AI winner given its investment and partnership with OpenAI, which created ChatGPT. And, this week, Apple shares rallied after the iPhone maker finally unveiled its plan for using the technology, appeasing investors at long last.
โWe believe over the next year the race to $4 Trillion Market Cap in Tech will be front and center between Nvidia, Apple, and Microsoft,โ Daniel Ives, analyst at Wedbush Securities, wrote in a note.
Nvidiaโs surging stock price has made co-founder and Chief Executive Officer Jensen Huang one of the worldโs richest people. His net worth has climbed nearly $75 billion since the beginning of the year to $119 billion, putting him in 12th place on the Bloomberg Billionaires Index. Thatโs the biggest gain among his billionaire peers.
Investors, alongside Huang, argue that Nvidia is more than a chipmaker.
โTheyโre not just selling chips, theyโre selling systems,โ Michael Lippert, vice president and portfolio manager at the Baron Capital Inc., said in an interview, pointing to the companyโs proprietary software and development ecosystem.
Nvidiaโs swift climb to the top has been record breaking, as the company is one of the few firms to have demonstrated significant revenue growth from AI. Shares have risen more than 170% in 2024 through Tuesdayโs close, adding more than $2 trillion to its market capitalization.
โNvidiaโs GPU chips are in essence the new gold or oil in the tech sector as more enterprises and consumers quickly head down this path with the 4th Industrial Revolution well underway,โ said Ives.
