NVIDIA becomes the most valuable company in the world – DiarioBitcoin

After a rebound registered today in the price of its shares, NVIDIA becomes the best-priced company in the world, being only below gold and displacing Microsoft in terms of market capitalization.

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• Market capitalization of NVIDIA exceeds USD $3,337 billion
• It becomes the best valued company in the entire market, ranking only below gold in capitalization
• With these figures, move Microsoft and Manzana inside the stock market
• The figures show the relevance of the AI for investors

NVIDIA Corpthe company that develops semiconductors and hardware used for computers and equipment, experienced a rebound in its stock price and officially became “the most valuable company in the world”surpassing Microsoft and to other entities both inside and outside the technological sphere.

Historic achievement for NVIDIA

This is reflected in several reports published today, which show a 3.4% increase in the share price of NVIDIA on the main stock exchanges, raising the company’s market capitalization to over USD $3,337 billion amid the use of its devices in the field of Artificial Intelligence.

According to data published by the portal CompaniesMarketCapthe share price of NVIDIA At the time of publication, they are around USD $135.6 per unit. With its current capitalization, it is currently the best-priced company, only surpassed by the gold market valued at more than USD $15.7 billion at the time of publication.

From the technological field, after the rebound in the price of shares of NVIDIA, Microsoft It is relegated to third place in the market capitalization ranking, accounting for approximately USD $3,318 trillion. They follow him Apple and Alphabet (Google) with about USD $3.28 billion and USD $2.16 billion, respectively.

The rise of the industry AI

According to a report published by the media Infobae, This event is closely related to the rise of the field of AI, since this appears as the new focus for many investors within the main stock markets.

NVIDIA offers much-needed products in the AI, given that it appears as one of the main manufacturers of chips used by the data centers used by these technologies. Currently the accelerators H100 They are among the most demanded products.

However, since the AI appears as the sector of focus of interest, this is also beneficial for entities such as Microsoft and Manzana. Both entities announced agreements with OpenAI, main reference behind ChatGPT, and the company headed by Tim Cook recently presented its plan to formally enter the field of artificial intelligence.

In relation to the position of NVIDIA within the industry, Daniel Ives, analyst of Wedbush Securities, Indian:

Nvidia GPU chips are, in essence, the new gold or oil of the technology sector, as more companies and consumers quickly embark on this path with the Fourth Industrial Revolution well underway.

Article by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

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