Nvidia, the American chip company, has surged past Microsoft and Apple to become the most valuable company globally. With a share price of almost US$136, its market valuation stands at US$3.34bn. Nvidia’s dominance in AI chips, particularly for training and running powerful AI models like OpenAI’s ChatGPT, has fueled its growth and profitability. This has led to a significant increase in its stock price, which has more than doubled in 2024. Investors anticipate further growth as demand for AI technologies continue to rise. However, some are skeptical about the sustainability of Nvidia’s success, citing increasing competition from tech giants developing their own AI chips. Despite this, Nvidia remains a key player in the evolving AI chips market.
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https://uk.finance.yahoo.com/news/q-did-nvidia-become-world-144344294.html
Q&A: What factors led to Nvidia becoming the world’s most valuable company?
