Nvidia surpasses Apple and may call itself the most valuable company in the world. Nvidia’s market value exceeds $3.5 trillion.
What had been coming for a while has now happened. Nvidia is the largest company in the world, if you take stock market value as a measure. On Monday night, Nvidia passed Apple, and after the results of the U.S. presidential election were announced, the stock price went up by another few percent. Nvidia’s total stock market value now stands at $3.58 trillion.
Analysts are not surprised by Nvidia’s power grab in the stock market. Those who still bought shares of Nvidia in 2022 literally have gold in their hands. In the past year, Nvidia’s share price rose as much as 850 percent. Nvidia’s shares continue to break record after record.
Two letters
Nvidia’s success can be explained by two letters: AI. No company reaps more fruit from the AI boom than Nvidia. The biggest in the tech industry have to turn to Nvidia for GPUs to train and run AI models. Meta announced just this weekend that its LLama 4 model trains on 100,000 H100 GPUs from Nvidia.
So in investor circles, a dip is not expected anytime soon for Nvidia. The company is about to release Blackwell to the world. After initial production problems, the GPU is quietly ready to take the world by storm. Stocks are said to be hopelessly sold out even before production has properly started, Jensen Huang confirmed last month.
Right now, Nvidia is still firmly in a monopoly, but there are plenty of companies looking to change that. AMD is explicitly pitching itself as Nvidia’s challenger on the AI stage. Some of Nvidia’s lucrative customers, including OpenAI, want to take matters into their own hands and develop their own hardware. These developments won’t stop the Nvidia express train for now.
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