Nvidia now world’s most valuable company – topping Microsoft, Apple

Chip designer and artificial intelligence juggernaut Nvidia narrowly topped Microsoft’s market capitalization Tuesday to become the world’s most valuable public company, less than two weeks after it surpassed Apple’s market cap following months of strong stock gains.
BIG NUMBER
177%. That’s how much Nvidia’s market cap has spiked since the start of the year, when shares traded at $48.17 (adjusted for stock split).
FORBES VALUATION
We estimate Nvidia CEO Jensen Huang’s net worth at $118.8 billion, making him the 11th-richest person in the world—the highest ranking he’s secured on Forbes’ real-time billionaires list.
KEY BACKGROUND
Nvidia’s milestone comes amid an artificial intelligence craze that has made its chips and graphics processing units increasingly valuable to fellow tech companies like Microsoft, Meta, Amazon and Alphabet. Microsoft is estimated to make up 15% of Nvidia’s revenue, according to Bloomberg supply chain data, and Nvidia is estimated to control between 70% and 95% of the AI chip market, CNBC reported, citing Mizuho Securities. Nvidia, which reported $8.4 billion in net income in its 2023 fiscal year, shows little to no signs of slowing down, as analysts forecast its net income to surpass Apple’s in just four years.
Source: forbes.com
Trending News
ACEYE's 2025 IGIPTEP outlines top performing gov't institutions, Interior Ministry leads
03:15Veep launches book on Ephraim Amu’s legacy
15:34Man remanded into custody over assaulting woman with baby in viral video
02:03Early learning Breakthrough: New study reveals a scalable path to delivering quality early learning to every child
02:06Parliament approves GH¢4.44 billion for local Gov't Ministry
15:17NHIA informs NHIS-credentialed healthcare providers of reviews following uncapping of NHIF
01:29Heritage Bank collapse: Seidu Agongo opens up about strained relationship with Former Finance Minister Ken Ofori-Atta
16:20Sophia Akuffo, Prof. Oquaye submit constitutional reform proposals to CRC
13:12A&C on damages from Tuesday’s downpour: ‘No injuries were recorded’
01:01Ken Attafuah vindicated in dismissal of Madina NIA worker
04:19