Member-only story
NVIDIA Surpasses Microsoft: The New Market Leader
In June 2024, NVIDIA overtook Microsoft to become the most valuable company globally, marking a significant shift in the tech industry landscape. This milestone is a result of the explosive growth in demand for generative AI technologies, which has reshaped company valuations since the previous year.
The Rise of Generative AI
Generative AI technology has revolutionized various sectors, leading to significant changes in stock market standings. NVIDIA’s market value soared to approximately $3.334 trillion, surpassing both Apple and Microsoft. The company’s valuation increased by 3.1 times in just one year, making it the third company in history to achieve a market value of $3 trillion by June 2024.
GPU Demand and Technological Advancements
NVIDIA’s CEO, Jensen Huang, highlighted the upcoming Blackwell generation GPUs, expected to be integrated into customer data centers by Q4 2024, with shipments beginning in Q2. The new B200 GPU series is anticipated to meet the high demand for next-generation computing power, a demand already exceeding supply as noted by CFO Colette Kress.
