NVIDIA Corporation (NASDAQ: NVDA) on Friday overtook the market value of Apple Inc. (NASDAQ: APPL). The stock price of NVIDIA surged this week by achieving a value of $ 2.8 trillion surpassing Apple which is at $2.75 trillion in market value, thus claiming the spot.
The shares of NVIDIA rose by 0.8% and the shares of Apple rose by 0.4%. In June, NVIDIA slightly became the world’s most valuable company before being overtaken by Microsoft and Apple. The market value of Microsoft stood at $3.18 trillion with a share rise of 0.8%.
This milestone underscores the position of NVIDIA in the field of semiconductors and AI markets while predicting the rapid growth trajectory under the leadership of CEO Jensen Huang. The position was attained because of its dominance in the domains of artificial intelligence which has been showing huge demand in the past few years.
The cutting-edge technology of the company’s graphics processing units (GPU) plays an important role in training large language models, training autonomous driving technologies, and advancing cloud computing infrastructure. All these developments have established AI applications while positioning NVIDIA as a front-runner in the AI revolution.
From the CEO, Jensen Huang
Speaking in a recent interview, Huang highlighted the company’s determination toward innovation, saying, “Our mission has always been to bring the power of AI to every industry. By pushing the boundaries of what technology can do, we’re creating possibilities that didn’t exist before.”
The relentless focus of the CEO, Huang on AI and data center technologies has led NVIDIA to this extraordinary milestone helping the organization to secure a significant share in the global semiconductor market.
The shares of NVIDIA showed a shift of 200% in the market share in the past year alone, outpacing the stock growth of Apple projecting NVIDIA to achieve a remarkable gain in its net worth.
Future Outlook
The IT sector has been affected by the surge in NVIDIA’s market value, resulting in analysts and investors to rethink the potential for AI-driven expansion. Many experts believe that NVIDIA’s success is a strong indicator of the future direction of technology, which will be dominated by AI and data processors.
In conclusion, the historic achievement of NVIDIA in overtaking Apple’s market share value made it a leading force for AI innovation. With the guidance of Huang, the company grows forward making a trajectory showcasing the boundless possibility of the company to shape the future of technology.