Nvidia reaches an all-time high with $3.4 trillion market cap

Nvidia’s value is at an all-time high, with share prices reaching $138.07

Nvidia has seen its value soar to a new high, with its stock value rising by 2.4% to $138.07. Now, Nvidia has a market cap of around $3.4 trillion, making it the world’s second most valuable company. Nvidia has passed Microsoft and is now biting on the heels of Apple, whose market cap is over $3.5 trillion.

Nvidia’s share price has increased by over 180% since the start of this year, and its value has increased by 9x compared to the start of 2023. Nvidia’s meteoric rise comes thanks to the company’s advancement in the AI market. Even now, Nvidia has few competitors within this market. Even giants like Amazon, Google, and others rely almost solely on Nvidia hardware to develop their AI models.

Recently, Nvidia claimed that its next-generation Blackwell AI accelerators are sold out through 2025. This has signalled to investors that demand for AI hardware is not dropping and that Nvidia will remain a dominant player next year. As such, the company’s share price has continued to rise.

While AMD has made serious efforts to compete with Nvidia in the AI space, Nvidia remains the dominant player in the AI market. Even so, Nvidia is not expected to lose market share to AMD, despite their best efforts.

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