Nvidia beats Apple and Microsoft to become the world’s first $4 trillion public company
Nvidia Becomes The World First $4 Trillion Company: America’s leading semiconductor company, Nvidia, achieved a historic milestone on Wednesday. Today, during trading in the US stock market, Nvidia’s market cap crossed $4 trillion ($4000 billion), and with this, Nvidia has become the world’s first public company to touch this miraculous figure. In early trading on Wednesday, Nvidia’s stock price crossed $164 with a bumper increase of 2.5 percent. Let us tell you that at the beginning of the year 2023, the price of Nvidia shares was only $14.
The company is focusing on artificial intelligence
Nvidia specializes in the design and manufacture of graphics processing units (GPUs), chipsets, and related software. However, in the last few years, its focus has increased significantly in sectors such as artificial intelligence (AI) and high-performance computing. In the last few years, on the back of the worldwide buzz around AI, Nvidia has become the largest company on the US stock market. It has left behind other giant tech companies, Microsoft, Apple, Amazon, and Google. Now, the situation is such that the fluctuations in its share prices have a greater impact on the S&P 500 and other indices than any other company except Apple.
2 years ago, the company’s market cap was less than $600 billion
Two years ago, Nvidia’s market cap was less than $600 billion. But the ongoing activities around AI have pushed the semiconductor chip company’s prices to very high levels. Nvidia is one of the few major companies benefiting from AI. The S&P 500 index has consistently touched new record levels due to the rise in the prices of the shares of these AI-focused companies. The US stock market has reached new heights due to the increase in profits of these companies. All this has happened despite President Donald Trump’s policy uncertainty and constantly rising inflation.
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