2024-02-13
144
1 minutes.


Nvidia Overtakes Amazon in Market Value Using AI: A Historic Event in the Last 20 Years

The company's capitalization reached $1.78 trillion.

Growth of securities of companies on the market

Nvidia is growing steadily, while Amazon is falling in price

Nvidia has grown down almost 0.2%, while Amazon showed a decline of 1.2%, with a market value of $1.79 trillion. As a result, Amazon took fourth place among companies with the largest capitalization. According to information from Bloomberg, the first place is still occupied by Microsoft with a capitalization of $3.09 trillion. It is followed by Apple with $2.89 trillion and Alphabet with $1.84 trillion.

Nvidia's successes

Nvidia Overtakes Amazon in Market Value Using AI A Historic Event in the Last 20 Years

In 2024, Nvidia stock prices skyrocketed by almost 50 % due to high demand for its chips, which are used in data centers to perform complex computing tasks required to run artificial intelligence programs. During this year, the company's value grew by $600 billion, which is more than in the last 7 months of 2023. Nvidia's earnings report for the current quarter is expected on February 21.

Amazon's performance this year

At the same time, the year started well for Amazon - last week shares of the e-commerce platform jumped 8% after the report strong fourth-quarter sales and above-estimated profitability forecast. Amazon is quickly catching up to Google owner Alphabet's market value.

Nvidia surpasses Amazon

According to Reuters, claims that the last time Nvidia overtook Amazon in value was in 2002. when each company was worth less than $6 billion.

Glossary

  • Microsoft is a company with a capitalization of $3.09 trillion;
  • Apple is a company with a capitalization of $2.89 trillion;
  • Alphabet is a company with a capitalization of $1.84 trillion;
  • Nvidia is a company whose shares are up 50% in 2024;
  • Amazon is a declining company with a market value of $1.79 trillion;

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Copywriter Elbuz
Brief description
Nvidia has become more expensive than Amazon thanks to the development and use of artificial intelligence. The company's market value reached $1.78 trillion, while Amazon showed a decline of 1.2%, valued at $1.79 trillion.
Article Target
Report on the growth of Nvidia's market value and its surpassing Amazon after 20 years, thanks to the use of artificial intelligence.
Style
Information article
Target audience
IT specialists, investors, entrepreneurs, technology enthusiasts


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Nvidia has become more expensive than Amazon thanks to the development and use of artificial intelligence. The company's market value reached $1.78 trillion, while Amazon showed a decline of 1.2%, valued at $1.79 trillion.


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