NVIDIA Becomes The World's Most Valuable Listed Company

On June 18th, Nvidia's stock price rose 3.6%, with a market value of $3.34 trillion, surpassing Microsoft's ($3.32 trillion). On that day, Apple's stock price fell by 1.1% and its market value dropped to $3.29 trillion.

With the rise of generative artificial intelligence, Nvidia's stock price has increased significantly since the end of 2022.

In the past two years, as Wall Street gradually realized that Nvidia's technology was the engine behind the explosive growth of artificial intelligence, and this explosive growth showed no signs of slowing down, Nvidia's stock price has also skyrocketed. Since the beginning of this year, Nvidia's stock price has risen by over 170%.

Nvidia is a new recipient of the title of "America's Most Valuable Company". In the past few years, Apple and Microsoft have been competing for this title.

Earlier this month, Nvidia's market value exceeded $3 trillion for the first time and surpassed Apple.

As companies such as OpenAI, Microsoft, Alphabet, Amazon, and Meta compete to purchase processors needed to build artificial intelligence models and run increasingly large workloads, Nvidia's business scale is growing rapidly.

Nvidia holds approximately 80% of the market share in the artificial intelligence chip market for data centers.

In the last quarter, Nvidia's data center business revenue increased by 427% year-on-year, reaching $22.6 billion, accounting for approximately 86% of its total sales.

With the rise of NVIDIA's stock price, the value of NVIDIA's CEO, Huang Renxun, has also skyrocketed.

According to Forbes data, Huang Renxun's net assets have grown to approximately $117 billion, ranking 11th on the global billionaire list.