Jensen Huang, founder, president and CEO of Nvidia, will speak about the future of artificial intelligence and its impact on energy consumption and production on September 27, 2024 at the Bipartisan Policy Center in Washington, DC.
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Nvidia passed apple Tuesday’s market value once again made it the world’s most valuable listed company.
The company’s stock rose more than 1% on Tuesday, after rising 171% in 2024 and nearly 239% in 2023 into 2025, reflecting insatiable demand for the company’s artificial intelligence chips. has increased by about 4%.
Meanwhile, Apple stock fell 4% on Tuesday. It rose 30% in 2024, but is down 12% this year. Although the iPhone maker has developed the Apple Intelligence suite of AI features for its phones and laptops, its business has not been affected to the same extent by the AI boom. .
Nvidia holds a large portion of the market share for graphics processing units (GPUs), which are critical to the development and deployment of AI software such as OpenAI’s ChatGPT. Revenue growth has slowed, but still nearly doubled to $35.08 billion in the most recent quarter.
Apple became the first company to reach the $1 trillion, $2 trillion, and $3 trillion market capitalization milestones. Nvidia previously overtook Apple in June and then again in November.
As of Tuesday, Nvidia’s market cap is around $3.4 trillion, while Apple’s is at $3.3 trillion and Microsoft is right behind them at $3.2 trillion. Major purchaser of Nvidia’s GPUs. Microsoft announced earlier this month that it expects to spend $80 billion on AI data centers in fiscal 2025.
In November, Nvidia replaced Intel on the Dow Jones Industrial Average and joined Apple and Microsoft on the blue-chip index.
Watch: Nvidia’s strong performance continues, growth rate likely to be even higher
