Nvidia has recently surpassed Microsoft and Apple to become the world’s most valuable company. The chipmaker’s stock has soared 173% this year, compared to Microsoft’s 19% rise.
The demand for Nvidia’s high-end processors is outpacing supply, leading to a competitive race among tech giants such as Meta Platforms and Google-owner Alphabet to enhance their AI computing capabilities. Despite the competition, Nvidia currently holds over 80% of the market share for AI chips, making it a major beneficiary of the growing AI development trend.
To make its shares more appealing to individual investors, Nvidia recently executed a 10-for-one stock split. This move has rapidly expanded the company’s market value from $1 trillion to $3 trillion in just nine months. In February, Nvidia reached the $2 trillion milestone, and in early June it hit $3 trillion.