Semiconductor chip manufacturing company Nvidia has once again become the most valuable company in the world. On Tuesday (November 5), shares of the company rose by 2.84%, leading to an increase in market capitalization to $3.43 trillion (approximately Rs 289 lakh crore).
The company reached this position by leaving iPhone maker Apple behind. Apple’s market capitalization is $3.38 trillion (around Rs 285 lakh crore). While Microsoft’s market capitalization is $3.06 trillion (around Rs 250 lakh crore).
Previously, Nvidia became the most valuable company in the world in June 2024. But this record might stay in the company’s name for only one day.
Nvidia’s market capitalization surpassed Apple’s in 2002
Even in 2002, Nvidia’s market capitalization exceeded that of Apple. At that time, the market capitalization of both companies was less than $10 billion (around Rs 83,000 crore). Five years later, in 2007, Apple launched the first iPhone, after which its market capitalization increased rapidly.
The World’s Most Valuable Semiconductor Company
Nvidia is already the most valuable semiconductor company in the world. NVIDIA has four technical development centers in India. These are located in Hyderabad, Pune, Gurugram and Bengaluru. According to Bloomberg, Nvidia plans to upgrade its AI accelerator.
The company designs and manufactures GPUs.
Nvidia is a technology company known for the design and manufacturing of graphics processing units (GPUs). It was founded in 1993 by Jensen Huang, Curtis Priem and Chris Malachowski. Its headquarters are in Santa Clara, California.
Nvidia designs and manufactures chips for gaming, cryptocurrency mining and professional applications. Meanwhile, its chip systems are also used in vehicles, robotics and other equipment.
The net worth of the company’s CEO Jensen Huang is Rs 89 lakh crore.
According to the Bloomberg Billionaires Index, the rise in stocks on Wednesday increased the net worth of the company’s CEO Jensen Huang by more than $5 billion (around Rs 41,000 crore), taking his total net worth to 107.4 billion dollars (around Rs 89 billion). lakh crores). I went.
Apple has faced challenges this year
Apple has faced challenges this year, with its shares under pressure due to falling iPhone demand in China and concerns over fines from the European Union.
On Wednesday, Apple stock closed at $195.87, up 0.78%. Apple shares are up 7.79% over the past month. At the same time, Apple stock generated returns of 1.85% in 6 months and 9.30% in a year.
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Nvidia becomes the second most valuable company in the world: iPhone maker Apple is left behind, market capitalization exceeds $3 trillion
American semiconductor chip maker Nvidia has become the second most valuable company in the world, overtaking Apple. Shares of Nvidia Corp closed at $1,224.40 (approximately Rs 1,86,958) on Wednesday, June 5, up $60.03 (5.16%).
Due to this rise in shares, the market capitalization of the company became $3.01 trillion (around Rs 251 lakh crore). At the same time, Apple’s market capitalization stands at $3 trillion (around 250 lakh). On Wednesday, Apple stock closed at $195.87 with a gain of 0.78%.