BREAKING NEWS: world's most valuable public company. Nvidia has leapfrogged Microsoft to become the world's most valuable public company, boasting a staggering market cap of $3.33 trillion. Who saw that coming? Oh wait, everyone did. Key points: - Nvidia's shares have skyrocketed over 170% this year. Apparently, printing money is their new business model. - Nvidia now controls about 80% of the AI chip market for data centers. The tech giants building their AI models are basically funding Nvidia's vacation homes. - The data center business raked in $22.6 billion last quarter alone, making up 86% of Nvidia's total sales. That's right, 86%. Might as well call them the data center company. - Nvidia's rise has been so fast and furious, they haven't even made it into the Dow Jones Industrial Average yet. Guess the Dow can't keep up with their pace. As of June 2024, Nvidia stands tall with a market cap of $3.343 trillion, officially the king of the market cap hill
Download the medial app to read full posts, comements and news.