Nvidia, the world’s second most valuable company, made a profit of $14 billion in May. Nvidia, which increases its market value day by day; Apple, Alphabet, Amazon It managed to become the second most valuable company globally; First place still belongs to Microsoft. So how did Nvidia achieve this success? Here are the details…
Nvidia, the World’s 2nd Most Valuable Company, Made a Profit of $14 Billion in May
NVIDIA’s market value was $3.01 trillion. artificial intelligence chips Crowning its success with Nvidia, it became the second most valuable company in the world. Currently the most valuable company in the world is Microsoft. Nvidia left companies such as world giant Amazon and Apple behind. Especially the company that produces chips AI chips achieved great success in this regard.
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Nvidia’s H100 with artificial intelligence chip, has achieved great success. Nvidia AI accelerators control 70 to 95 percent of the AI chip market. Nvidia market value reached 1 trillion dollars in May last year. The company, which increased its market value to 2 trillion dollars in February 2024, less than a year ago, will continue to increase its market value as of May. $3.01 trillion reached the figure. In other words, Nvida tripled its market value in 1 year.
Nvidia stock will split on June 7; The stock is currently trading at $1,220. The company, which has so to speak a monopoly in the AI chip market, aims to bring a new artificial intelligence chip to the market every year in the future. The company’s plan for 2024 is to launch the Blackwell B200 GPU. with new chips Nvidia’s AI chip It is expected to be unrivaled in its field.
Nvidia Will Release New AI Chip Every Year
World giant Nvidia in May 14 billion dollars made a profit. This rapid growth trend of the company shows the interest in AI chips in the market. Nvidia’s profit AI technology It means that the market needs chips produced with and the company does its job very well. This rise of the company also attracts the attention of the technology sector and increases interest in artificial intelligence technologies.
Nvidia’s leaving the world giants behind has created a great impact in the market, and it is a matter of curiosity whether the company’s success will be permanent. Nvidia success In order to ensure its permanence, it will continue to bring innovations to the market in this field, but we will wait and see how its competitors will take action.