Nividia surpasses Microsoft to become world’s most valuable company
Nvidia, till six months ago, few would have thought that this company would become the most valuable company in the world. On June 18, its market cap has become $3.34 trillion. Since January till now, its shares have jumped by a whopping 181%.
On January 2, 2024, its price was $48, on June 18, it has become $135.58. That is, if a person who had invested in it on January 2, 2024 their investment value would have become more than two and a half times. It is not easy for such a big company to do this. This shows that the company has strength and its business is such that one can bet on it.
Left everyone behind in the market cap race
In the market cap race, Nvidia first overtook Meta, the company that runs Facebook, Amazon, and then Google’s parent company Alphabet. No one had thought that it would leave behind Apple and Microsoft, but it happened on June 18. In just one month, this stock has run up by about 45%.
Founder and work of Nvidia
The founder of Nvidia is Jensen Huang. He founded this company in the year 1993. He built the company, but he owns only 3.5% of its shares. Today, his wealth is around 64 billion dollars.
Initially, this company used to make only video-game graphics chips, but later the company decided to make AI based chips and spent a lot on research and development. The company launched the first AI based chip with an R&D expenditure of about 10 billion dollars and today it has become the largest company in the world to make AI based chips. This company’s chips are being used in everything from crypto mining to cloud computing. Companies like Amazon, Microsoft and Google are using Nvidia’s chips for their cloud operations.
