Nvidia Becomes World’s Most Valuable Company Amid AI Boom

Semiconductor giant Nvidia has ascended to the summit of the global market as a result of its relentless stock surge, surpassing tech titans Apple and Microsoft Corp. in terms of market capitalization. The company's market value, which recently reached approximately $3.3 trillion, was recently closed at $135.58 per share, underscoring the significant investor interest in artificial intelligence. Nvidia has successfully surpassed its competitors in the fierce competition for the top spot among the world's most valuable companies. The company’s dominance in AI technology, particularly with its sought-after chips powering data centers and complex AI applications, has made it the early and biggest beneficiary of the AI wave. Nvidia’s H100 accelerators have seen a surge in demand, driving the company’s sales up by over 125% last year.

Nvidia's market capitalization has increased by over $2 trillion as a result of the stock's extraordinary 170% increase in 2024. This surge has significantly boosted the net worth of Co-Founder and Chief Executive Officer Jensen Huang, making him one of the world's wealthiest individuals. His net worth has increased by nearly $75 billion since the beginning of the year, reaching $119 billion, positioning him twelfth on the Bloomberg Billionaires Index. This marks the largest gain among billionaires this year, reinforcing Nvidia’s pivotal role in the AI revolution.

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