The AI business’s shares increased by 3.4 per cent, making Nvidia the most valuable publicly traded corporation in the world with a market valuation of over $3.3 trillion. This puts the Jensen Huang-led business ahead of Apple and Microsoft. For the first time since 2002, Nvidia capped Apple’s market capitalization earlier this month. The two have alternated in the rankings in recent days, and Apple briefly held the top spot last week after surpassing Microsoft.
How has the stock of Nvidia fared this year compared to the major tech companies?
This year, Nvidia’s stock has increased by almost 173%. Microsoft’s shares have increased by almost 19% in contrast. This occurs during a rush to develop AI computing skills and control the market by tech behemoths Microsoft, Meta Platforms, and Alphabet, the owner of Google.
Amid the stock boom, how much has Nvidia’s market cap increased?
Nvidia’s stock shot up to a record high on Tuesday as the company’s market value increased by almost $103 billion. In just nine months, the company’s market worth increased from $1 trillion to $2 trillion in February. It took Nvidia just more than three months to reach $3 trillion in June.
Expert Opinion: Nvidia Stock?
According to news agency Reuters, Sam North, a market analyst at the investing platform eToro, stated that a stock split can lower the price per share, making it more accessible for individual investors to purchase. The true winners here are the individual investors, as Nvidia splits its stock 10:1.
