Key conclusions
- Nvidia has surpassed Apple to become the most valuable company in the world with a market value of $3.53 trillion.
- Nvidia's recent success has largely been driven by its computing parts used in artificial intelligence development.
- The company is preparing to reveal the RTX 5000 series of graphics cards in January 2025.
Manufacturer of computer and console parts Nvidia recently became the most valuable company in the world, overtaking tech giant Apple by market value. Nvidia is a brand that many hardcore PC gamers will recognize for their line of advanced processor chipsets that have been used to power both high-end gaming rigs and office workspaces. The company recently celebrated the 25th anniversary of its Nvidia GeForce 256, which helped put Nvidia on the map back in 1999.
In recent years, Nvidia has enjoyed continued success as one of the largest chipset manufacturers in the gaming market, and its latest line of processors is the GeForce 40 series, which was launched in 2022. Ray tracing is provided, in particular, by the Nvidia RTX line, which has attracted attention by allowing for more realistic graphics in games such as Dragon Dogman 2 and Marvel's Spider-Man: Miles Morales. Earlier this month, Nvidia's stock hit a record high of $143.71 a share, along with a market capitalization of $3.4 trillion, putting it on par with Apple.
Relatives
Nvidia's stock price has hit a new high
As Nvidia works on the upcoming series of new graphics cards, the company's shares are rising in the market and reaching an all-time high.
The two companies will trade top positions as the world's most valuable company, with Reuters recently reporting that Nvidia has officially taken the lead over Apple with a market value of $3.53 trillion as of October 25. a result of Nvidia being a leading supplier of computer parts used in artificial intelligence development. AJ Bell chief investment officer Russ Mold said that “more and more companies are now using artificial intelligence in their daily tasks, and demand for Nvidia chips remains high.”
Nvidia has overtaken Apple as the most valuable company in the world
Mold believes that as long as the United States avoids a “major economic downturn,” companies will continue to invest in AI capabilities, which will drive even more revenue and Nvidia's market value. Even outside of AI, Nvidia is reportedly gearing up to reveal its RTX 5000 series of graphics cards this January and is said to be sourcing parts for Nintendo's next console, which is expected to be unveiled sometime before the end of the current fiscal year. year in March 2025.
The use of artificial intelligence in games remains a controversial topic, but the development of the technology behind it seems to be a boon for Nvidia as it continues to develop the best processors and other parts for gaming PCs and consoles. Only time will tell when Nvidia may hold its current spot as the world's most valuable company, but with the RTX 5000 series just around the corner, the future looks pretty bright for the well-known tech developer.
Nvidia
- Date of establishment
- April 1, 1993
- Headquarters
- Santa Clara, California, USA
- General director
- Jensen Huang
- Subsidiaries
- Mellanox Technologies, Cumulus Networks, NVIDIA Advanced Rendering Center
