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AI Chipmaker Nvidia Surpasses Apple and Hits $3 Trillion

Written by: Molly-Anna MaQuirl | Posted: 07-06-2024

AI Chipmaker Nvidia Surpasses Apple and Hits $3 Trillion

This is an AI-generated image created with Midjourney by Molly-Anna MaQuirl

Nvidia has surpassed a remarkable milestone in the tech industry’s hierarchy by overtaking Apple and becoming the world’s second-most valuable company. This significant shift is vital in the emerging field of artificial intelligence and beyond.

Nvidia’s Market Value Explosion

For the first time in history, AI chipmaker Nvidia has burgeoned $3 trillion in market value, securing its place in the executive club of tech giants. This ostensible milestone helps position Nvidia at the top in AI as its advanced chips continue to drive progressive technology. Nvidia announced their financial results for the first quarter of 2025. The company's stock rose nearly 150% this year, reflecting investor confidence. 

A Risk to Apple?

Second only to Microsoft, Nvidia has taken the crown of the second most valuable company. This incredible ranking shift happened after Apple was previously overtaken by Microsoft earlier this year due to issues over iPhone demand and the investment of Microsoft in OpenAI. As Apple continues to face these significant hits, it remains to see what the future holds for this tech mega-giant. However, considering they still rank third - it’s unlikely we will see the end of the Apple era any time soon. 

What’s Nvidia’s Next Move?

Nvidia AI chips are in extremely high demand, reflecting their critical role in the AI breakthroughs from digital powerhouses like Microsoft, Google, and Meta. These tech giants depend mostly on Nvidia’s processors to drive their AI growth. This demand has outpaced supply, promoting Nvidia’s status as a pioneer in the AI revolution. 

Nvidia plans to soon make a strategic move at a 10-to-1 stock step-up, aiming to generate more shares and access to the broader investors after this impressive market performance. The stock split authorizes even more investors to acquire Nvidia shares. 

An investment analyst at AJ Bell, Dan Coatsworth, describes, “The stock split move lowers the share price, making it more accessible for individual investors. However, it is expected to increase investor interest and support continued success in Nvidia’s market value.”  

Nvidia’s step to becoming the second most valuable company is a noteworthy milestone, showcasing that those that sit at the top, don’t always stick. It reminds us of AI's potential to create new opportunities in technology, finance and more.

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AI Chipmaker Nvidia Surpasses Apple and Hits $3 Trillion

Written by: Molly-Anna MaQuirl | Posted: 07-06-2024

AI Chipmaker Nvidia Surpasses Apple and Hits $3 Trillion

This is an AI-generated image created with Midjourney by Molly-Anna MaQuirl

Nvidia has surpassed a remarkable milestone in the tech industry’s hierarchy by overtaking Apple and becoming the world’s second-most valuable company. This significant shift is vital in the emerging field of artificial intelligence and beyond.

Nvidia’s Market Value Explosion

For the first time in history, AI chipmaker Nvidia has burgeoned $3 trillion in market value, securing its place in the executive club of tech giants. This ostensible milestone helps position Nvidia at the top in AI as its advanced chips continue to drive progressive technology. Nvidia announced their financial results for the first quarter of 2025. The company's stock rose nearly 150% this year, reflecting investor confidence. 

A Risk to Apple?

Second only to Microsoft, Nvidia has taken the crown of the second most valuable company. This incredible ranking shift happened after Apple was previously overtaken by Microsoft earlier this year due to issues over iPhone demand and the investment of Microsoft in OpenAI. As Apple continues to face these significant hits, it remains to see what the future holds for this tech mega-giant. However, considering they still rank third - it’s unlikely we will see the end of the Apple era any time soon. 

What’s Nvidia’s Next Move?

Nvidia AI chips are in extremely high demand, reflecting their critical role in the AI breakthroughs from digital powerhouses like Microsoft, Google, and Meta. These tech giants depend mostly on Nvidia’s processors to drive their AI growth. This demand has outpaced supply, promoting Nvidia’s status as a pioneer in the AI revolution. 

Nvidia plans to soon make a strategic move at a 10-to-1 stock step-up, aiming to generate more shares and access to the broader investors after this impressive market performance. The stock split authorizes even more investors to acquire Nvidia shares. 

An investment analyst at AJ Bell, Dan Coatsworth, describes, “The stock split move lowers the share price, making it more accessible for individual investors. However, it is expected to increase investor interest and support continued success in Nvidia’s market value.”  

Nvidia’s step to becoming the second most valuable company is a noteworthy milestone, showcasing that those that sit at the top, don’t always stick. It reminds us of AI's potential to create new opportunities in technology, finance and more.