Nvidia surpasses Google to become the third most valuable US Company
By MYBRANDBOOK
As the third most valuable US Corporation, Nvidia has overtaken Alphabet, the parent company of Google. The buzz surrounding artificial intelligence driving up demand for Nvidia's chips caused the company's stock worth to soar to a record $1.83 trillion during the trading session, barely surpassing Alphabet's $1.81 trillion market capitalization.
Alphabet's stock was steady, resulting in a slightly higher valuation of $1.810 trillion, whereas the company's stock was up 1.5% at the prior trading session to reach $1.807 trillion.
Post implosion in usage of ChatGPT, Nvidia has been a top beneficiary of technology companies’ race to build AI into their products and services, and the latest gain in its stock comes a day after it ended a session with a market capitalization above Amazon’s for the first time in two decades.
Nvidia controls about 80% of the high-end AI chip market, a position that has sent its stock up 47% this year after more than tripling in 2023. Customers face shortages of Nvidia’s top-of-the line components while AI developers face months-long waiting lists to use its processors through cloud-computing providers.
In 2024, Nvidia's m-cap was $1.8 trillion as against Intel's $185-billion valuation. Right now, with NVIDIA's stock fast approaching $2 trillion-mark, he is worth $65.3 billion.
Nvidia's m-cap has hit new highs ever since a report said, earlier this month that OpenAI CEO Sam Altman is in talks with investors, including the UAE, to raise funds for a tech initiative to boost the world's chip-building capacity and expand its ability to power AI. The project could require raising as much as $5 trillion to $7 trillion.
Since January 1, Nvidia has added $650 billion to its market cap, which is more than entire market cap of Tesla. Since October 2022, Nvidia has added a massive $1.5 trillion to its market cap.
BREAKING NEWS
TECHNO TRENDS
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
Google Pay has added "Open Wallet" shortcut
With the introduction of the "Open Wallet" shortcut, Google Pay has impro...
E-Magazine
TECHNOTAINMENT
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
Disney+ Hotstar wins the Best OTT Platform of the year
Film Critics Guild and Group M Motion Entertainment, in collaboration with
MOVERS & SHAKERS
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
Nium Appoints Alexandra Johnson appoints as Chief Payments Off
Nium, the leader in real-time cross-border payments, today announced the ap
OPEN YOUR EYES
INTERVIEWS
ESDS commits to presenting clients with the latest technology
According to a NASSCOM report, the Indian IT industry experienced its stron
Commvault leading the next generation of data protection throu
A valued brand, Commvault reinforces the commitment to protect customer dat
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
BEETEL TELETECH LTD.
CENTRE FOR DEVELOPMENT OF TELEMATICS
JUVAS SOLUTIONS PVT. LTD.
ATRIE TECHNOLOGY PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Sunil Gupta
Sunil Gupta is the Co-founder, Managing Partner & CEO of Yotta Infrast...
Technology Icons Of India 2023: Sunil Bharti Mittal
Sunil Bharti Mittal is the Founder and Chairman of Bharti Enterprises,...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
PARTNER SPEAKERS
PSU
BBNL empowering rural India digitally
BBNL provide high speed digital connectivity to Rural India at afforda...
CSCs enabling rural India digitally empowered
Common service centres (CSCs) are digital access points under the Digi...
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
VIDEOS
Top 25 Brands
Value-Added Distribution
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
SATCOM INFOTECH PVT. LTD.
Satcom Infotech Pvt. Ltd is a distribution houses in security in India...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
