Nvidia, a prominent American chip manufacturer, has seen its value soar due to the AI explosion, positioning itself as the primary AI chip provider for the technology sector. Recently, it surpassed Apple to claim the title of the world’s second most valuable company, boasting a market capitalization of $3.01 trillion, slightly edging past Apple’s $3 trillion.
Driven by its cutting-edge H100 chip, Nvidia has seized a dominant position in the AI industry, leading to a continuous surge in its market worth. In May 2023, the company achieved a milestone by reaching a $1 trillion valuation, followed by another leap to over $2 trillion in February of the current year, surpassing the valuations of both Amazon and Alphabet.
Read more: Nvidia Surpasses $2 Trillion In Market Valuation
The financial success of Nvidia is palpable, evident from its remarkable $14 billion profit reported last month, largely fueled by the sales of AI chips. In line with this, Nvidia has announced plans to produce AI chips annually, commencing with the anticipated release of the Blackwell B200 GPU later this year. CEO Jensen Huang confirmed during the Q1 2025 earnings call that the company will adhere to a yearly chip production schedule, revealing that another chip is in the pipeline following Blackwell.
Presently, Nvidia trails behind Microsoft, which secured the position of the world’s most valuable company in January of the current year with a valuation of $2.89 trillion. However, Microsoft’s market capitalization now stands at $3.15 trillion. Nvidia’s stock price has surged to over $1,220 per share, and a stock split is scheduled for June 7th.
