AI is leading the computer revolution today. It is being used widely. Along with this, the demand for semiconductor chips is also growing rapidly. No industry has remained behind when it comes to AI. As a result, the stock price of semiconductor chip manufacturer Nvidia is also on the rise. It is the sixth most valuable company in the world and the fifth most valuable company in America.
Become a trillion-dollar member
A market cap of 1.210 trillion dollars puts Nvidia among the few companies in the world with a market cap of more than one trillion dollars. However, only six companies in the world today have a market cap of more than one trillion dollars. In addition to its market cap, Nvidia is the world’s first chip company to join this club. It has left behind Mark Zuckerberg’s META, Elon Musk’s Tesla, and Warren Buffet’s Berkshire Hathaway, among others.
NVIDIA just joined the Trillion Dollar club:
— World of Statistics (@stats_feed) May 31, 2023
🇺🇸 Apple: Aug 2018
🇺🇸 Microsoft: Apr 2019
🇸🇦 Aramco: Dec 2019
🇺🇸 Alphabet: Jul 2020
🇺🇸 Amazon: Apr 2020
🇺🇸 Meta: Jun 2021
🇺🇸 Tesla: Oct 2021
🇺🇸 NVIDIA: May 2023
The share price of Nvidia has increased
While the world was suffering from the Corona epidemic, Nvidia’s shares soared. As a result of the crypto boom, chips were increasingly used in crypto mining. Following that, the shares of Nvidia Corp, a manufacturer of AI chips, kept rising. Increasing interest in artificial intelligence is increasing semiconductor chip demand as well. This is the reason why Nvidia Corp’s shares have steadily increased. Besides giving bumper returns to investors, Nvidia Corp has estimated its October quarter sales at $16 billion.
What is the ownership of Nvidia?
He has a 3.5 percent stake in Nvidia. It was founded in April 1993 by Jensen Huang of Taiwan with just $200 and initially manufactured video-game graphics chips. The computer revolution is being led by artificial intelligence today, Huang says. Because of its simplicity, it is in high demand. Companies around the world are increasingly turning to computers that can handle generative AI like ChatGPT.
Became one of the richest people in the world
The net worth of Jenson Huang is 43.4 billion dollars, which makes him 29 on the list of the world’s richest people. Huang’s net worth has increased by $29.6 billion this year. He was born in Taiwan in 1963 and grew up in Taiwan and Thailand. Previously, he worked for AMD, a chip manufacturing company where he earned a BTech in Electrical Engineering in 1984 and a master’s degree in 1992.
