Arnav
Nvidia becomes the world's most valuable company, market cap reaches $3.34 trillion, leaving Microsoft and Apple behind!
Till six months ago, no one had thought that this company would become the most valuable company in the world. On June 18, its market cap reached $3.34 trillion. Since January till now, its shares have seen a huge jump of 181%.
Its price on January 2, 2024 was $48, as of June 18 it has become $135.58. That means, the money of the one who invested in it on January 2, 2024 has increased more than two and a half times. It is not easy for such a big company to do this. This shows that the company has strength and its business is such that one can bet on it.
Left everyone behind in the market cap race, Nvidia In the market cap race, Nvidia first defeated Facebook-running company Meta, Amazon and then Google's parent company Alphabet. No one thought that it would leave Apple and Microsoft behind, but it happened on June 18. This stock has lost almost 45% in just one month. On June 18, the name of Nvidia and its founder Jensen Huang was recorded in history. Nvidia's founders and work The founder of Nvidia is Jenson Huang. He had formed this company in the year 1993. He has established the company, but he has only 3.5% stake in it. As of today, his wealth is around 64 billion dollars. Initially this company used to make only video-game graphics chips, but later the company decided to make AI based chips and spent extensively on research and development. The company launched the first AI based chip with an R&D expenditure of about $10 billion and today it has become the largest company making AI based chips in the world. This company's chips are being used in everything from crypto mining to cloud computing. Companies like Amazon, Microsoft and Google are using Nvidia's chips for their cloud operations.
