Chipmaker Nvidia has overtaken Apple as the world's most valuable company, valued at more than $3 trillion, thanks to a surge in shares amid demand for artificial intelligence processors.
AI giant Nvidia
Brand achievements
Tech giant Nvidia, known as a leading developer of graphics and specialized processors for artificial intelligence , achieved unprecedented success in the market. The company set a new record, surpassing its competitor Apple and taking second place in the ranking of the most valuable corporations in the world.
Value growth
On June 5, Nvidia's share price rose 5.2% to close trading at around $1,224.40. This increase allowed the company to reach an unprecedented valuation of $3.012 trillion. That put the AI chip maker ahead of Apple, which is now valued at $3.003 trillion after a 0.8% rise in its stock value.
Strategic moves
Starting June 7, Nvidia plans to split its shares 10 to 1, which can increase their attractiveness for individual investors. However, the leader among the most expensive companies remains Microsoft with a market capitalization of $3.15 trillion.
Demand for AI technologies
During 2024, Nvidia shares rose 147% thanks to unprecedented demand for its processors. Tech giants such as Microsoft, Meta and Google are actively competing for dominance in the field of artificial intelligence, which is driving demand for Nvidia's powerful computing solutions. So, while corporations are spending money on AI development, Nvidia is successfully cashing in on it.
Challenges for Apple
Meanwhile, Apple faces declining demand for the iPhone and fierce competition in the Chinese smartphone market. Some investors believe the company is lagging behind other tech giants in incorporating artificial intelligence features into its products and services. Everyone is looking forward to WWDC24, where the iPhone maker is expected to announce its AI strategy, including a partnership with OpenAI to integrate their AI into iOS 18.
Glossary
- Nvidia is a leading manufacturer of graphics processors and specialized chips for artificial intelligence.
- Apple is a world-famous American technology company, developer of iPhone, iPad, Mac and other devices.
- Microsoft is a multinational corporation specializing in software development and provision of cloud services.
- Meta is the parent company of Facebook, Instagram and WhatsApp, focusing on the development of the meta universe.
- Google is a search engine and a technological giant working on various innovative projects.
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Questions Answered
Why did Nvidia stock rise to record highs?
Where does Nvidia rank among the most valuable companies in the world?
Why is Apple losing its position among the most valuable technology companies?
What is expected from Apple at the WWDC24 conference?
Why Nvidia decided split your shares 10 to 1?
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Discussion of the topic – Nvidia has overtaken Apple: the valuation of the manufacturer of AI chips has increased to $3 trillion
Shares of chip maker Nvidia rose to record highs, boosting the company's valuation to more than $3 trillion. This pushed Nvidia ahead of Apple on the list of the world's most valuable companies.
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Андрій
Incredible news about Nvidia! This is where the real prospects for the future lie. 💰🚀
Крістіна
Nvidia's success amazes me. Who would have thought that a company that originally only made graphics cards would become so influential in the world of AI? 🤯
Гаррі
AI is the future, and Nvidia has quite rightly taken the lead. I see great prospects for their powerful chips in various fields, from autonomous vehicles to medicine. 🧠💻
Анна
I am fascinated by how fast AI is developing. Nvidia has really risen to the top, but I expect Apple to also take a step towards AI at WWDC24. Can't wait to see what they come up with! 💡
Франко
Did you hear that Nvidia is now worth more than Apple? 😲 I would never have believed that a video card manufacturer would overtake such a giant as Apple. This shows the huge potential of AI technologies.
Зиґмунд
All this news about AI and high-growth companies makes me skeptical of the hype. 🙄 This is just another trend that will soon be replaced by something else. Focus better on stable and proven.
Ізабелла
Sigmund, I understand your caution, but the AI revolution cannot be ignored. 💻 This is a technology that is changing industries one by one. I think Nvidia's success is just the beginning. They design chips that can be used in any field where high-power computing is required.
Томаш
I don't know about you, but I'm already crazy interested in what new Apple will present at WWDC24. 👀 If they really team up with OpenAI to integrate AI in iOS 18, it could be a real breakthrough. Imagine the powerful capabilities of AI right in your phone!