Nvidia overtakes Microsoft to become world’s most valuable company

Less than two weeks after Nvidia Apple jumped In terms of overall valuation, the GPU maker has now surpassed Microsoft to become the world’s most valuable company, based on the chips it builds, which are key to fueling the boom in generative AI technology.

At the close of trading on Tuesday, its share price was $135.58, up $4.60 from the previous day and taking its market capitalization to $3.335 trillion. That’s more than Microsoft ($3.32 trillion), Apple ($3.29 trillion) and Google ($2.17 trillion). Nvidia’s shares split 10-for-1 after June 7, which reduced the overall share price, but the company’s surge in value has been astounding. Its share price has risen 160 percent in 2024, and the company is only crossed the $2 trillion mark in February,

In its last earnings report in May, Nvidia reported revenue of over $26 billion. New Blackwell GPU architecture with B200 later this year It is said to be “the world’s most powerful chip.” CEO Jensen Huang where is it Blackwell units will cost “$30,000 to $40,000” each, and the company Plan of To release new AI chips every year.