(Image credit, Associated Press)
Nvidia surpassed Microsoft as the world’s most valuable company this week. At $135 per share, Nvidia closed yesterday’s trading day with a $3.34 trillion valuation.
Microsoft closed the trading day at $3.32 trillion. Nvidia is being pushed by the mania surrounding the AI marketplace.
- Nvidia Corp – $3.34 trillion
- Microsoft Corp – $3.32 trillion
- Apple Inc – $3.27 trillion
June has been a wild month for the world’s most valuable companies. In the first three weeks, Apple, Microsoft, and now Nvidia have exchanged positions amongst the top 3.
Nvidia’s chips are used everywhere there’s a need for AI modeling. Nvidia chips power the compute behind ChatGPT, Google Gemini, and Anthropic’s models. Their latest end processors, the H100 series, cost between $10k and $15k apiece depending on demand. Machines running H100 processors also consume immense amounts of energy. The processors require 1kW of power and by the time other computer components and cooling are factored in the processors consume 6kW of power.
Nvidia’s stock is up 174% since last year and appears to have no end in sight. It completed a 10-for-1 stock split earlier this month and is pacing to exceed a 262% increase in revenue. Their stock is currently the hot ticket.