Nvidia Reigns as the World's Largest Company by Market Value
Swathi Kashettar
Nvidia's market cap reached approximately $3.33 trillion, surpassing Microsoft and Apple to become the most valuable public company
Nvidia's shares have seen a dramatic increase, rising more than ninefold since the end of 2022, with a significant jump of 170% in the current year alone
The company has captured about 80% of the market for AI chips used in data centers, which has been a major factor in its rapid growth
Nvidia's data center business revenue soared by 427% from the previous year to $22.6 billion, making up about 86% of the company's total sales
Originally known for its graphics chips in the gaming community, Nvidia has expanded into AI, cryptocurrency mining chips, and cloud gaming subscriptions, contributing to its market cap success