06/19 2024 424
Fast Technology News on June 19th, as of the close of US stocks on Tuesday, NVIDIA's stock price rose 3.51%, reaching a new record high of $135.58, with a total market value of $3.335 trillion.
This achievement surpassed Microsoft and Apple in one fell swoop, becoming the world's most valuable listed company for the first time.
This position had originally alternated between the two traditional technology giants of Microsoft and Apple, but there were predictions that NVIDIA would ascend to this throne, which has now become a reality, and it is likely to leave the former two behind.
Thanks to the rapid development of AI nowadays, the market's demand for AI computing chips is extremely strong, and NVIDIA's performance has continued to rise, resulting in a 173% surge in its stock price this year.
NVIDIA announced its first fiscal quarter earnings report last month, which exceeded expectations in all aspects. Among them, the revenue of its data center business reached $22.6 billion, a year-on-year increase of 427%, once again setting a new record high. Total revenue was $26.04 billion, and net profit reached $14.88 billion, an increase of over 6 times, and the stock price rose again.
Even more astonishingly, it took NVIDIA 96 days to increase its market value from $2 trillion to $3 trillion.
In contrast, it took Microsoft 945 days, and Apple 1044 days.
Data shows that NVIDIA occupies about 80% of the market share of AI chips for data centers, and OpenAI, Microsoft, Google, and others are still scrambling to purchase its products.
Jensen Huang once mentioned that NVIDIA is not just a chip company, but an AI supercomputer company, an AI infrastructure company, and an AI factory company. This is the special feature of NVIDIA.