NVIDIA Became World’s Most Valuable Company
Recently NVIDIA became the world’s most valuable company, beating out tech giant Apple in terms of market value.
NVIDIA’s Growth Over the Years
In more recent years, Nvidia has enjoyed continued success as one of the biggest chipset makers in the gaming market, with its most recent processor line being the GeForce 40 series which was started in 2022. The ray-tracing provided by Nvidia’s RTX line in particular has attracted attention by allowing for more realistic graphics in games like Dragon’s Dogma 2 and Marvel’s Spider-Man: Miles Morales. Earlier this month, Nvidia’s stock value hit a record high of $143.71 per share, along with a $3.4 trillion market cap that put it in league with Apple.
The two companies would trade the top position as the world’s most valuable company, and Reuters recently reported that Nvidia has officially taken the lead over Apple with a market value of $3.53 trillion as of October 25. This recent surge in market value is said to be the result of Nvidia being a leading provider of computing parts used in the development of AI, with AJ Bell investment director Russ Mould saying that “more companies are now embracing artificial intelligence in their everyday tasks and demand remains strong for Nvidia chips.”
The use of AI in gaming remains a controversial subject, but the development of the technologies behind it seems to be a boon for Nvidia as it continues to develop top of the line processors and other parts for gaming PCs and consoles alike.
From now on, time will tell what will happen to current spot of NVIDIA, but with the RTX 5000 series being right around the corner, the future is looking pretty bright for the prominent tech developer.
