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In less than a year, the computer company Nvidia, which is driving the AI revolution, has experienced an almost fourfold increase in its stock price. With this increase, Nvidia is now one of the largest corporations in the world—it has even surpassed the market value of several significant stock exchanges.
Nvidia’s market capitalization increased recently as a result of a 20% increase in share price. With a market worth of $2.91 trillion, Apple is currently ahead of Nvidia, which is currently valued at $2.71 trillion (Companies Market worth). Microsoft has a market capitalization of $3.19 trillion, the highest on the list, while Meta Platforms is valued at about $1.20 trillion. NVIDIA’s market capitalization has increased by about 4x (3.88 times) in the last year.
Over time, Nvidia’s market capitalization has grown remarkably.
To put Nvidia’s market value into perspective, as of March 2023, it surpassed the total market value of all German listed firms, which is estimated to be $2.37 trillion. The aggregate valuation of all the companies registered on the BSE and NSE stock markets in India, which vary around the $5 trillion mark, is less than half that of Nvidia.
What is NVIDIA effectively doing?
Nvidia’s significant contribution to the AI revolution is what is fueling its rapid ascent. AI applications rely on its graphics processing units (GPUs) for power. Nvidia’s GPUs are still the go-to option despite competition from general-purpose and customised AI processors created by rivals and clients.
Nvidia recently declared that there is a demand greater than supply for its H200 and Blackwell CPUs.
CEO Jensen Huang anticipates a high level of interest in the newest Blackwell GPUs in addition to sustained demand for earlier iterations of Nvidia’s AI processors.
Apple, on the other hand, had a difficult 2024. Its stock performance has been negatively impacted by regulatory scrutiny and decreased iPhone sales overseas. Although Apple’s stock has increased by 9% from the previous year, this gain is not as significant as that of competitors like Microsoft, Amazon, Google, and Meta.
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