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The market cap of American semiconductor chip manufacturing company Nvidia has crossed 5 trillion dollars i.e. Rs 453 lakh crore for the first time. Nvidia has also become the first company in the world to cross this figure.
This figure is about Rs 90 lakh crore more than India’s GDP. According to IMF, India’s GDP is currently 4.13 trillion dollars i.e. 364 lakh crore rupees. After Nvidia, Microsoft and Apple are the most valuable companies in the world.
Microsoft is the second most valuable company in the world. Its market cap is 4.03 trillion dollars i.e. 356 lakh crore rupees. Whereas Apple is at third place with a market value of 4.02 trillion dollars i.e. Rs 355 lakh crore. Just a day earlier, Apple had crossed the $4 trillion mark.
Nvidia shares rose 4.5% today
Today, on October 29, Nvidia’s shares are trading at $ 210 i.e. Rs 18,534 with a rise of 4.5% during trading. Due to which the market cap of the company increased and crossed 5.13 trillion dollars for the first time. Just three months ago the company had crossed the $4 trillion mark.
Reason for Nvidia’s market value reaching 5 trillion
- Growth in AI: Nvidia’s H100 and Blackwell chips are the fastest and necessary for AI tools like ChatGPT, every big company is using these chips.
- Share rise: The company’s shares have increased 12 times since 2022. In just 3 months the value of the company increased from Rs 4 trillion to Rs 5 trillion.
- Large Orders: CEO Jensen Huang announces $500 billion AI chip order. There is also a plan to build 7 supercomputers for America.
- Trust in company: Investors feel that the cost of AI will continue to increase in the coming years. That’s why money is continuously invested in Nvidia.
- No competition in the world: There are competitors like AMD, Intel, but till now no company has been able to make chips as fast and reliable as Nvidia.
- Benefit in America-China tension: America has banned selling high-end chips to China. This made Nvidia the preferred company of the US government.
- Smart Leadership of CEO: Jensen Huang pivoted the company toward AI at the right time. He is now the hero of Silicon Valley and investors have confidence in him.
World’s most valuable semiconductor firm
Nvidia is already the world’s most valuable semiconductor firm. NVIDIA has four engineering development centers in India. These are located in Hyderabad, Pune, Gurugram and Bengaluru. Nvidia has upgraded its AI accelerator.
The company designs and manufactures GPU.
Nvidia is a technology company known for the design and manufacturing of graphics processing units (GPU). It was founded in 1993 by Jensen Huang, Curtis Priem, and Chris Malachowski. Its headquarters is in Santa Clara, California.
Nvidia designs and manufactures chips for gaming, cryptocurrency mining and professional applications. Along with this, its chip systems are also used in vehicles, robotics and other equipment.
Net worth of company CEO Jensen Huang is Rs 15.39 lakh crore.
According to the Forbes Real Time Billionaires List, the company’s CEO Jensen Huang is the 8th richest man in the world with a net worth of $174.4 billion i.e. Rs 15.39 lakh crore.
What is a semiconductor chip?
Consider semiconductor as the brain of electronic gadgets. From computers, laptops, cars, washing machines, ATMs, hospital machines to handheld smartphones, all work on semiconductor chips. This chip helps in operating these gadgets like a brain. Every electronic item is incomplete without these. Semiconductor chips are made of silicon and are used to control electricity in circuits.
This chip helps in operating electronic items automatically. For example, in a smart washing machine, the machine automatically switches off after the clothes are completely washed. Similarly, when you forget to wear your seat belt in a car, the car alerts you. This happens only with the help of semiconductor.
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Apple’s market value crosses 4 trillion dollars for the first time: This is equal to India’s GDP, company’s share increased by 15% after the launch of iPhone-17.
Apple’s market cap has crossed 4 trillion dollars i.e. Rs 353 lakh crore for the first time. This figure is equal to India’s GDP. According to IMF, India’s GDP is currently 4.13 trillion dollars i.e. 364 lakh crore rupees. Read the full news…
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