The company was established in 1993
On Wednesday, NVIDIA shares rose by more than 2%, causing the company’s market cap to cross $ 4 trillion (about Rs 334 lakh crore). This is the first time any company has achieved such a big market value. Investors bought a large number of NVIDIA shares as this company is making major hardware associated with generative artificial intelligence (AI).
NVIDIA has become the first company in the world to achieve this achievement, which has also left behind the legendary companies like Apple and Microsoft. Earlier, Apple had achieved the largest market cap in December, but now NVIDIA has broken that record. Microsoft, who is one of the large NVidia customers, and Apple both have reached the first $ 3 trillion market cap.
The company was established in 1993
California -based NVIDIA was established in 1993. The company crossed $ 2 trillion in February 2024 and $ 3 trillion market cap in June. NVIDIA achieved this success due to the huge demand for AI hardware and chips, which increased rapidly after the launch of Chatgpt in late 2022. NVIDIA has established itself as the largest manufacturer of graphics processing units (GPUS) running AI and big language models.
Growth 15 times in 5 years
In the last 5 years, NVIDIA shares have increased by 15 times. In the last one month, its stocks have been recorded by 15% and 22% from the beginning of this year so far. Recently, NVIDIA shares have been seen despite the ban on geopolitical tension and chip sale related to China. Earlier this year, China’s Deepseek model also feared that AI would not need so much chips in the coming time, but NVIDIA also raised themselves.
In May, NVIDIA reported that the company could suffer a loss of $ 8 billion due to new export restrictions on H20 chips made for China. NVIDIA CEO Jenson Huang said at the time, “China’s $ 50 billion market is now almost closed for American companies.” He told CNBC that if Nvidia stops selling chips in China, it would be huge loss for the company.