The Nvidia Era has started as Wall Street has voted with its money: “Nvidia has soared to become the most valuable public company in the world, about two weeks after beating Apple to become the world’s second most valuable company. On Tuesday, shares of Nvidia surged by 3.6%, propelling its market capitalization to an unprecedented $3.34 trillion. This surge allowed Nvidia to surpass Microsoft, now valued at $3.32 trillion.”
Many centuries ago, Greek Philosophers postulated on the material component of the universe. Pythagoras explained that the universe is nothing but numbers. If our world is made up of numbers, common extrapolation posits that making sense of numbers will be a great business since the world is numbers.
Yes, across human history, the greatest empires have been built around tools, mechanisms, systems, etc which make it easier to compute, process, manipulate, and make sense of numbers. Nvidia has entered the temple and its era has started.
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Nvidia’s stock has experienced an extraordinary rise, increasing by over 170% this year alone. This dramatic increase was further fueled by the company’s robust first-quarter earnings reported in May. The stock has multiplied more than ninefold since the end of 2022, a rise that coincided with the rapid advancement and adoption of generative artificial intelligence (AI).
Apple, on the other hand, saw its shares dip by 1.1% on Tuesday, resulting in a market value of $3.29 trillion.
LinkedIn News: It’s official: Nvidia has become the world’s most valuable public company. Its market cap climbed to $3.34 trillion on Tuesday, surpassing LinkedIn parent Microsoft and Apple, which had been jockeying for the top spots in recent weeks. Corporate and investor enthusiasm for generative artificial intelligence has helped its stock surge over 170% so far this year, reflecting a gain of over $2 trillion. Nvidia is seen as major beneficiary of the AI boom, since it currently has about 80% of the market for the chips used in data centers. It surpassed Apple’s market value earlier this month.
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