Nvidia surpasses Microsoft, and it’s now the biggest company on Earth

Nvidia is valued at $3.34 trillion.

2 min. read

Published onJune 19, 2024

published onJune 19, 2024

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As we predicted, Nvidia has risen to the top of the world market, surpassing Microsoft as the public company with the most value globally.According to reports, this stunning result appeared when the trading day ended: Nvidia’s stock price jumped by 3.6%, increasing its market capitalization to an amazing $3.34 trillion.

However, Microsoft experienced a small fall in its share value, reaching $3.32 trillion. This is a situation that not many could have foreseen. This is especially true when we consider Nvidia’s beginnings in the small gaming world, where it gained fame for producing powerful graphics chips.

Even more interesting is the mutual relationship between Nvidia and Microsoft. Microsoft’s role in Nvidia’s narrative is not that of any other company; it serves as a significant customer, depending extensively on Nvidia’s GPUs to power its AI services, such as Copilot, in its data centers.

This dependence is not occasional; approximately 80% of AI data centers use Nvidia’s GPUs, including those from big players like Google, OpenAI, and many others. The wide acceptance of Nvidia chips shows their strong presence in the AI chip market, which has been experiencing significant expansion due to the rise of AI.

At the beginning of this month, Nvidia’s worth crossed over $3 trillion for the first time. It even surpassed Apple to become the second most valuable public company globally. When trading ended that day, Apple was in third position with a market capitalization of about USD 3.29 trillion. The fast rise in Nvidia’s worth is not only due to its market cap but also to changes happening in big tech companies and the importance of AI and machine learning.

Nvidia’s 10-for-1 stock split, which aims to make its shares more readily available to a larger group, shows the company’s ambitions. Jensen Huang, Nvidia’s co-founder and CEO, has watched his net worth skyrocket to around $118.4 billion, putting him on the list of the world’s wealthiest people. This financial success is strong evidence that Nvidia has greatly influenced the tech field and played a key role in the current AI revolution.

In this ever-changing market, Nvidia and Microsoft show how the paths of hardware makers and software giants are closely connected. With Nvidia now in first place, it’s fascinating to observe how these tech giants will shape computing’s future, as well as AI and more. The big question is: What will Nvidia do with its new role as the world’s highest-valued public company?

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low#

Copilot in Outlook will generate personalized themes for you to customize the app#

Microsoft will raise the price of its 365 Suite to include AI capabilities#

Death Stranding Director’s Cut is now Xbox X|S at a huge discount#

Outlook will let users create custom account icons so they can tell their accounts apart easier#

Nvidia surpasses Microsoft, and it’s now the biggest company on Earth#

With KB5043178 to Release Preview Channel, Microsoft advises Windows 11 users to plug in when the battery is low

Copilot in Outlook will generate personalized themes for you to customize the app

Microsoft will raise the price of its 365 Suite to include AI capabilities

Death Stranding Director’s Cut is now Xbox X|S at a huge discount

Outlook will let users create custom account icons so they can tell their accounts apart easier

Nvidia surpasses Microsoft, and it’s now the biggest company on Earth