overtakes Microsoft amid artificial intelligence boom

• The computer and data center company that makes graphics processors is now worth more than $3.336 billion.

• In terms of market capitalization, it surpasses such giants as Microsoft, Apple and Alphabet (Google).

NVIDIA just became the most valuable company on the planet. At the time of writing, the Jensen Huang-led firm has a market capitalization of $3.336 billionand ahead of Microsoft ($3.310 billion) and Apple ($3.283 billion). We are facing an important milestone that has materialized mainly due to the development of the artificial intelligence (AI) industry.

On Tuesday, while NVIDIA shares rose more than 3%, shares of the Windows maker fell 0.60%, and shares of the Apple company lost 0.93% of their value. Important fact for better understanding of achievement womanless graphics processing units (GPUs) is how much its stock has risen over the past year, up 200% compared to 31% for Microsoft and 16% for Apple.

The Great Beneficiary of AI

As we said, NVIDIA’s progress has been very fast. In February, we noted that the company had surpassed historical giants such as Alphabet (Google) and Amazon in terms of market capitalization. Later that month he reached historical records revenues and profits, leading many to wonder if we were facing a bubble. In any case, the company continued to grow.

In May, we learned that NVIDIA overtook such giants as Qualcomm and Broadcom and became the first womanless planets. When we talk about womanless We are talking about companies that develop chips, but do not produce them at their own facilities. They are manufactured by third party companies such as Taiwan Semiconductor Manufacturing Company (TSMC).

All this growth was due to at least one very important reason: NVIDIA became an indispensable player in the field of artificial intelligence. It’s no secret that tech companies around the world are investing billions of dollars to create their own language models to compete in an industry that promises to generate handsome profits over time.

The firm, founded by Jensen Huang and nearly going bankrupt in the 1990s, has a catalog of AI data center products that includes the beastly H100 and H200 GPUs. In other words, NVIDIA dominates the professional AI hardware market, although it also has absolute dominance in the computer GPU market, where it is ahead of AMD and Intel.

Images | NVIDIA

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