NVIDIA Have photograph It has come out on top in a three-way race to become the world's most valuable company.
Chipmakers overtook Microsoft and apple upon Tuesday (June 18) According to Bloomberg, the company's shares rose 4%, giving it a market capitalization of about $3.3 trillion. report Tuesday.
The three companies have swapped places among the world's three most valuable companies over the past month, according to the report.
All three moves are being driven by growing investor interest in artificial intelligence (AI), according to the report.
Nvidia's profits are driven by its position as a leading maker of chips that help power data centers that carry out the computing tasks required for AI applications, according to the report.
Microsoft has Investments and Partnerships and Open AIMeanwhile, Apple shares soared this week following the highly anticipated announcement. AI PlansAccording to reports.
Daniel IvesAnalyst and Wedbush Securities“Over the next 12 months, the race for $4 trillion in tech market cap will be centered between NVIDIA and Apple to come to the forefront,” the company wrote in a memo, according to the report. and “Microsoft”
Nvidia's latest Earnings ReleaseThe company reported sales of $26 billion for the quarter ended April 28, up 18% from the previous quarter and up 262% from the same period last year.
The company's sales beat Wall Street expectations. Own The outlook for the quarter was $24 billion.
Founder and CEO, Nvidia Jensen Huang In its earnings call, the company said its revenue growth was driven by partners with companies and countries that are transitioning from traditional data centers into “AI factories” that will drive productivity gains across many industries.
On Friday (June 14), Nvidia Open Model Generate synthetic data for training large-scale language models (LLMs) across industries.
On June 2nd, the company announced the next generation AI Platform The company plans to release an AI accelerator called Rubin in 2026 and update the AI accelerator every year, with the Blackwell Ultra chip due for release in 2025.
When announcing these products, Huang further added: More companies Getting government agencies to adopt generative AI.
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