Nvidia Becomes Second Most Valuable Company at Over $3 Trillion Behind Microsoft, Riding on the AI Boom from 18 eid sms Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:46 👁 View: 240K times ✓ Published: 07-Jun-2024
Description: Nvidia's market value has surged past $3 trillion, overtaking Apple to become the second most valuable publicly listed company in the world behind Microsoft. Nvidia's share price rose 5% on Wednesday to over $1,200. Valued at just $2 trillion in February, Nvidia's announced stock split that will increase shares by 10x and lower their price is expected to generate more demand. Founded in 1993, Nvidia was originally a graphics chip maker but added machine learning features, positioning it for the AI revolution. Nvidia reported $26 billion in sales for the last quarter, more than triple the previous year's and up 18% from the prior quarter, showing explosive growth.