Nvidia Is Worth More Than All Of These Companies Combined -

Nvidia Is Worth More Than All Of These Companies Combined

May 27, 2024Jeremy ParkinsonFinance0

Nvidia’s (NVDA) massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company? To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major U.S. tech companies.All figures were sourced from Companiesmarketcap.com, and are as of May 23, 2024. Data and TakeawaysAll of the numbers we used to create this graphic are included in the table below. These figures are even more impressive when you consider that at the beginning of 2020, Nvidia was valued at a relatively tiny $145 billion.Since then, the company has greatly surpassed other American chipmakers like Intel and AMD. This growth is due to several key factors:

Expansion into AI and data centers: Nvidia’s chips are highly effective for AI training, making them essential for companies engaged in machine learning and generative AI

Advancements in AI software: Nvidia has developed AI software platforms, such as CUDA-X and TensorRT, which are widely used by researchers.

Strong financial performance: Nvidia has consistently delivered strong financial results in recent years, with substantial revenue growth.

Closing in on AppleWith Nvidia’s latest stock surge (up 13.5% over the past five days ending May 24, 2024), the company could possibly overtake Apple to become the world’s second most valuable company.Microsoft, another major player in AI, holds the #1 spot with a market cap of $3.2 trillion.More By This Author:Visualizing Daily Protein Sources By RegionRanked: The World’s Largest Lithium Producers In 2023 The Income A Family Needs To Live Comfortably In Every U.S. State