Nvidia becomes the world's most valuable company by market capitalization, dethroning Apple for the second time this year.
The AI craze is in full swing as Nvidia is now the world’s largest company by market capitalisation. With a market cap of 1T4T3.52 trillion, Nvidia has effectively overtaken Apple for the second time this year.
This news follows gains in the stock market, with Nvidia shares up 2.72% this morning. All the major leaders had a positive start to the day, but a 0.64% surge was not enough for Apple to weather the green storm. Nvidia now ranks as the world’s largest company by market capitalization, but will it be able to defend its position? If so, for how long?
Un análisis más profundo de las acciones de Nvidia muestra que hace solo un año, su capitalización de mercado rondaba los $1.1 billones, lo que nos da un aumento del 214% en el precio de las acciones en solo 365 días. Este crecimiento es realmente sin precedentes, gran parte del cual se puede atribuir a las incursiones de Nvidia in the AI market as the chipmaker's accelerators continue to fuel the hype train. Q2 2024 earnings show Nvidia's revenue grew by 1411Q3Q qoq, reaching 1411Q4Q10.3 billion in data centers, while in games was a modest 11% with $2.5 billion.
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Con prácticamente cada empresa planeando hacerse con un pedazo del pastel de la IA, todavía requieren chips específicamente diseñados para el entrenamiento y la inferencia de Inteligencia Artificial. Los últimos GPUs B100 y B200 basados en Blackwell de Nvidia están supuestamente agotados durante los próximos 12 meses. Empresas enfocadas en IA, como OpenAI, Microsoft, Alphabet, Meta, among others, are all in an arms race to get their hands on Nvidia's latest chips.
Those based on CDNA3 of AMD, such as the MI325X, and the upcoming CDNA4-based MI355X could shake things up a bit. For the time being, enterprises may still prefer Nvidia due to their better software stack; however, more competition is beneficial even for multi-trillion-dollar conglomerates. The question comes down to large-scale production, as data centers and supercomputers require between 10,000 and 100,000 GPUs, so it ultimately depends on whether any of the companies can meet the required demand within the given time.
It’s been a busy couple of years not just for Nvidia, but also for its CEO, Jensen Huang, who is about to receive an honorary doctorate in engineering. Financially, consumer GPUs seem to be an afterthought for Nvidia, though leaks suggest Nvidia is eyeing a January 2025 reveal for the highly-anticipated RTX 50 series.
