Nvidia becomes most valuable company ever at $3.92T, leaving Microsoft and Apple behind
Jensen Huang, CEO of Nvidia giving a speech (Image source: CNA)
Yesterday, Nvidia's market cap hit $3.92 trillion, making Nvidia the most valuable publicly traded company in history. The previous record was set by Apple on December 6, 2024, when its market cap hit $3.915 trillion.
The surge of Nvidia's market value is fueled by the AI race, as lot of companies are fighting over a share of the AI reserves, Nvidia is simply supplying weapons to all sides of the war. Though Nvidia has many AI models of its own, it isn't targeting endpoint consumers or making chatbots for everyday use. One of Nvidia's models, Nemotron‑4 (340B), is used to generate synthetic data used for training LLMs.
Thanks to the increasing competition among tech giants to build the most advanced AI data centers, train cutting-edge models, and dominate the sector, Nvidia is cashing in. It supplies most of the chips used for these purposes.
Just 2 weeks ago, Nvidia became the most valuable publicly traded company, with a market cap of $3.34 trillion. Hitting this new all-time high represents a ~17.4% growth from the $3.34 trillion market value we reported about 2 weeks ago.
Unless the AI race slows down, Team Green is likely to keep seeing green.
Fun fact: The world’s largest asset management firm, BlackRock, manages over $11.5 trillion in assets but has a market value of about $182.6 billion.
Top 7 publicly traded companies by market cap (Image source: CompaniesMarketCap.com; screenshot)
Chibuike Okpara - Tech Writer - 47 articles published on Notebookcheck since 2024
I have always been fascinated by technology and digital devices my entire life and even got addicted to it. I have always marveled at the intricacy of even the simplest digital devices and systems around us. I have been writing and publishing articles online for about 6 years now, just about a year ago, I found myself lost in the marvel of smartphones and laptops we have in our hands every day. I developed a passion for learning about new devices and technologies that come with them and at some point, I asked myself, "Why not get into writing tech articles?" It is useless to say I followed up the idea — it is evident. I am an open-minded individual who derives an infinite amount of joy from researching and discovering new information, I believe there is so much to learn and such a short life to live, so I put my time to good use — learning new things. I am a 'bookworm' of the internet and digital devices. When I am not writing, you will find me on my devices still, I do explore and admire the beauty of nature and creatures. I am a fast learner and quickly adapt to changes, always looking forward to new adventures.
