A stratospheric progression. Nvidia (NVDA) has just overtaken Microsoft (MSFT) to become the most capitalized company in the world. A look back at the historic breakthrough of the GPU manufacturer, and what lies ahead for it.
Nvidia just became the most capitalized company in the world
It's done: Nvidia is at the top of the ranking of the biggest companies in the world. Its capitalization jumped to $3.335 billion, leaving behind that of Microsoft (MSFT), which today shows 3.317 billion dollars. Apple (AAPL) was surpassed 2 weeks ago, and is valued today at $3.285 billion.
Nvidia (NVDA) stock has exploded over the past two months
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This breakthrough is historic: two years ago, the company was “only” worth $400 billion. Nvidia has long been a big name linked to computing, but the arrival of generative artificial intelligence (AI) has changed everything. The American giant has crushed the competition, and positioned itself to fuel the ongoing technological race.
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A symbol of the future of computing
It only took a 3.6% rise yesterday to propel the company past Microsoft. The symbolism is strong: by overtaking the latter and Apple, Nvidia marks an entry into a new era of computingwhich is judged to be just as transformative as the advent of the Internet.
Jensen Huang, the co-founder of Nvidia, wisely focused his company on GPU production several years ago, betting on the fact that the latter would be the fuel to create innovative artificial intelligence solutions. The bet paid off, since large companies are currently swallowing up graphics processing units at breakneck speed.
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Furthermore, the company's recent results have been even better than expected: Nvidia raised $26 billion in 3 months, and this figure could rise further in the coming months. In any case, this is what Jensen Huang said last May, with great optimism:
“We are fundamentally changing how computing works, and what computers can do. The new industrial revolution has begun.»
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Journalist at Cryptoast since 2017, I am passionate about the issues of decentralization, privacy and regulation. I specialize in traditional economics and finance by analyzing how industry news influences the cryptocurrency industry, providing a unique and informed perspective to Cryptoast readers.
Marine Debelloir
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