WTF?! Nvidia’s position because the supplier of a lot of the superior {hardware} powering the AI growth has seen it turn out to be the second-most-valuable firm within the US market. Workforce Inexperienced’s market cap has surpassed the $3 trillion mark for the primary time, placing it simply above Apple and shutting in Microsoft’s $3.151 trillion valuation.
Nvidia’s shares have been up one other 5% yesterday, closing at $1,224. The corporate’s share value has elevated by greater than 3,224% over the previous 5 years and 147% this yr alone.
With a market cap of $3.011 trillion, Nvidia has joined the very unique $3 trillion membership alongside Apple ($3.003 trillion) and Microsoft ($3.151 trillion). Bloomberg notes that the final time Nvidia was value greater than Apple was in 2002, 5 years earlier than the primary iPhone was launched. Each corporations’ market valuations have been lower than $10 billion on the time.
What’s particularly spectacular is that Nvidia solely handed the $2 trillion valuation milestone in February 2024, lower than a yr after it hit $1 trillion, in Might 2023. It means the corporate’s market worth has skyrocketed one other $1 trillion in simply over three months.
Nvidia’s hovering share value has seen CEO Jensen Huang, who owns 3.79% of the corporate, proceed to stand up the Bloomberg Billionaire’s Index. He sat in 18th place in Might with a web value of $80.5 billion. At present, Huang is in thirteenth place with a fortune of $107 billion.
The large demand for Nvidia’s GPUs from corporations going all-in on AI (i.e., all of them) noticed its first-quarter gross sales hit $26 billion, greater than 3 times what it earned throughout the identical interval a yr earlier. Within the high-end AI chip market, it is estimated that Nvidia holds a market share of between 70% to 95%.
Huang introduced at Computex that Nvidia’s roadmap for its core GPUs is taking over an accelerated tempo. Whereas massive architectural modifications are more likely to proceed at a price of each two years, Nvidia is now transferring to make essential product enhancements yearly. Blackwell Extremely is ready to reach subsequent yr, adopted by Rubin in 2026 and Rubin Extremely in 2027.
