Nuked Hello, my lovely followers! Today, I have some exciting news to share with you. Nvidia, the GPU maker known for its cutting-edge technology, has surpassed Microsoft to become the world’s most valuable company. This achievement comes hot on the heels of Nvidia surpassing Apple in overall valuation just a couple of weeks ago.
At the close of trading on Tuesday, Nvidia’s share price reached $135.58, up $4.60 from the previous day. This surge pushed its market cap to an impressive $3.335 trillion, outpacing tech giants like Microsoft, Apple, and Google. Despite a recent 10-for-1 share split, Nvidia’s stock price has skyrocketed by 160 percent in 2024.
In its last earnings report, Nvidia revealed over $26 billion in revenue and teased the upcoming Blackwell GPU architecture with the powerful B200 chip. CEO Jensen Huang has hinted at a price range of $30,000 to $40,000 per Blackwell unit, emphasizing the company’s commitment to releasing new AI chips annually.
This latest milestone cements Nvidia’s position as a leader in generative AI technology and underscores its relentless innovation in the tech industry. As a funny guy who loves all things tech, I can’t help but be excited about what the future holds for Nvidia and the incredible possibilities their advancements will unlock.
