2024-06-20 07:04:27
New Delhi: American AI chip maker Nvidia has grow to be the world’s most beneficial firm. The corporate has achieved this feat by surpassing Microsoft. On Tuesday, the corporate’s shares rose 3.5 p.c and with this the corporate’s market cap reached 3.34 trillion {dollars}. Microsoft shares fell 0.5 p.c and Apple shares fell 1.1 p.c. Microsoft is now the second most beneficial firm on this planet with 3.32 trillion {dollars}. Apple is at quantity three with 3.27 trillion {dollars}. Nvidia’s shares have risen 174 p.c this yr, whereas final yr it rose 239 p.c. Within the first quarter of the yr, the corporate’s income rose 262% and revenue rose 462%. The demand for AI chips has elevated considerably in current occasions. Santa Clara-headquartered firm Nvidia has benefited probably the most from this. Nvidia’s share in AI chip gross sales on this planet is about 70 p.c. That is the explanation why analysts all over the world consider that the corporate’s inventory can go up much more. The corporate’s founder and CEO Jensen Huang lately stated that Nvidia will launch its most superior AI chip platform Rubin in 2026. It should exchange Blackwell which provides chips to information facilities. It was launched in March after which the corporate referred to as it the world’s strongest chip.
Solely two US firms outweigh India’s 3,851 listed firms, their market cap is greater than the GDP of many nations
Huang overtook Ambani and Adani
Huang, born in Taiwan, based Nvidia in 1993. He has a 3.5% stake on this firm. Huang’s web price has additionally elevated at rocket velocity because of the rise in Nvidia’s shares. He’s the very best incomes particular person this yr. In accordance with the Bloomberg Billionaires Index, Huang’s web price has elevated by $ 74.9 billion this yr. He’s the twelfth richest particular person on this planet with a web price of $ 119 billion. Reliance Industries Chairman Mukesh Ambani is the thirteenth richest particular person on this planet with a web price of $ 113 billion. Gautam Adani is at quantity 14 with $ 108 billion.