When it comes to AI accelerators, Nvidia is the first name that comes to mind, and the company has started this year with record-breaking performance. Following record revenues, the company has now reached a record market value. The sudden surge in productive AI trends has propelled Nvidia to new heights. Becoming the highest-selling chipmaker in the industry, Nvidia continues to increase its market value. It surged by 20% in just one stroke.
Nvidia Soaring
Last week, after releasing its financial statements, Nvidia’s shares were hovering around $1000, with the company’s market value reaching $2.3 trillion. Elon Musk’s xAI initiative boosting its value and expectations of record sales for Blackwell chips sent shares soaring. With Nvidia shares surging by 13% to around $1130, the company’s total market value has now surpassed $2.7 trillion. An investment made in Nvidia shares during the autumn of 2022 when the ChatGPT wind first started blowing has now increased tenfold.
Nearing the milestone of surpassing $3 trillion in the chip world, Nvidia is also preparing to step into the $3 trillion club in the technology sector. For comparison, AMD has a market value of $270 billion, while Intel’s market value stands at around $130 billion.
