NVIDIA has once again become the world’s most valuable company. On Tuesday (November 5), the company’s stock rose 2.84%, due to which the market cap increased to $ 3.43 trillion (about Rs 289 lakh crore).
The company has achieved this position by surpassing iPhone maker Apple. Apple’s market cap is $ 3.38 trillion (about Rs 285 lakh crore). At the same time, Microsoft’s market cap is $ 3.06 trillion (about Rs 250 lakh crore).
Earlier, NVIDIA became the world’s most valuable company in June 2024. But, this record of the company remained in its name only for one day.
NVIDIA surpassed Apple’s market cap in 2002
Even in 2002, Nvidia’s market cap surpassed Apple’s. At that time, the market cap of both companies was less than $10 billion (about Rs 83,000 crore). Five years later, in 2007, Apple launched the first iPhone, after which its market cap increased rapidly.
The world’s most valuable semiconductor firm
NVIDIA is already the world’s most valuable semiconductor firm. NVIDIA has four engineering development centres in India. These are located in Hyderabad, Pune, Gurugram and Bengaluru. According to Bloomberg, Nvidia is planning to upgrade its AI accelerator.
NVIDIA designs and manufactures GPU
The company is known for the design and manufacturing of graphics processing units (GPUs). It was founded in 1993 by Jensen Huang, Curtis Priem and Chris Malachowsky. It is headquartered in Santa Clara, California.
The company designs and manufactures chips for gaming, cryptocurrency mining and professional applications. Apart from this, its chip systems are also used in vehicles, robotics and other devices.
The net worth of the company’s CEO Jensen Huang is Rs 89 lakh crore
According to the Bloomberg Billionaires Index, the surge in shares on Wednesday increased the net worth of the company’s CEO Jensen Huang by more than $5 billion (about Rs 41 thousand crores), taking his total net worth to $107.4 billion (about Rs 89 lakh crores).
Apple faced challenges this year
Apple has faced challenges this year, with its shares under pressure due to falling demand for iPhones in China and concerns about fines from the European Union.
On Wednesday, Apple’s stock closed at $195.87, up 0.78%. Apple’s stock has seen a rise of 7.79% in the last month. At the same time, Apple’s stock has given a return of 1.85% in 6 months and 9.30% in one year.
