Nvidia Market Cap Crosses $3 Trillion for the First Time, Surpassing Apple
What is the current market capitalization of Nvidia following the recent increase in their stock value?
The current market capitalization of Nvidia, after a recent increase in their stock value, stands at $3.01 trillion. This makes it the second-most valuable company in the U.S. stock market, just ahead of Apple and behind Microsoft. Nvidia's growth has been driven largely by its leadership in the AI race, as it has become a leading chip supplier for companies looking to delve into this technology. The company reached a market cap of $2 trillion in February and has seen its stock soar more than 3,224% over the past five years.
What percentage of the market share do Nvidia's AI accelerators hold?
Nvidia's AI accelerators hold between 70% and 95% of the market share for artificial intelligence chips6. This dominant position has played a significant role in the company's rapid growth and success in recent years.
What has been the primary driver behind Nvidia's significant growth in the market over the last few years?
The primary driver behind Nvidia's significant growth in the market over the last few years has been its leadership in the AI race. The company has become a leading chip supplier for companies looking to delve into artificial intelligence technology. Nvidia's AI accelerators hold between 70% and 95% of the market share for artificial intelligence chips, according to a CNBC report. This has led to a rapid increase in the company's market cap, making it the second-most-valuable company in the U.S. stock market, surpassing Apple and only behind Microsoft.