AI Boom: Nvidia Added Entire Amazon's M-cap In 6 Months To Reach $3 Trillion Valuation!


Mohul Ghosh

Mohul Ghosh

Jun 10, 2024


Nvidia has experienced a remarkable surge in its market capitalization, reaching $3.011 trillion (Rs. 251.3 lakh crore) in just six months. This unprecedented growth has positioned Nvidia as the world’s second most valuable company, surpassing Apple and trailing only Microsoft. Let’s explore the factors driving this phenomenal success.

AI Boom: Nvidia Added Entire Amazon's M-cap In 6 Months To Reach $3 Trillion Valuation!

The AI Revolution: Nvidia’s Golden Ticket

Central to Nvidia’s rapid ascent is its focus on AI chips and data centers. These components are critical for AI training and inferencing, tasks essential to the burgeoning field of artificial intelligence. Nvidia’s revenue has seen a significant boost due to the high demand for these chips, solidifying its leadership in the AI ecosystem.

Cutting-Edge Platforms: Blackwell and Rubin

Nvidia’s innovation doesn’t stop at AI chips. The company has introduced two groundbreaking platforms that promise to revolutionize computing:

  • Blackwell Platform: This platform aims to enable real-time generative AI on trillion-parameter large language models. Notably, it achieves this with up to 25 times less cost and energy consumption compared to its predecessor, marking a significant leap in efficiency and performance.
  • Rubin Platform: Featuring new GPUs and a central processor named ‘Vera,’ the Rubin platform is set to push the boundaries of computing further, enhancing Nvidia’s product offerings and solidifying its market position.

Data Center Dominance

Another critical driver of Nvidia’s growth is its data center revenue, which has now surpassed its revenue from video games. This shift underscores the increasing importance of data centers in the digital age, where massive amounts of data need to be processed efficiently. Nvidia’s advanced chips are at the heart of this transformation, making them indispensable for modern data centers.

Expanding Horizons: Deep Learning and Autonomous Vehicles

Nvidia is not resting on its laurels. The company is actively expanding into new areas such as deep learning and autonomous vehicles. These sectors are poised for significant growth, and Nvidia’s early investments position it well to capitalize on future opportunities. By leveraging its expertise in AI and advanced computing, Nvidia is setting the stage for continued expansion and innovation.

Market Cap Milestone: Rivaling Industry Giants

In less than six months, Nvidia’s market cap has surged to $3.011 trillion, adding nearly the equivalent of Amazon’s entire market cap of $1.886 trillion (Rs. 157.4 lakh crore). This achievement is a testament to Nvidia’s strategic vision and its ability to execute in high-growth areas. Surpassing Apple and approaching Microsoft’s market cap of $3.15 trillion (Rs. 262.9 lakh crore) highlights Nvidia’s impressive trajectory.

Future Outlook: Sustaining the Momentum

As Nvidia continues to innovate and expand, the future looks bright. The company’s commitment to advancing AI technology and exploring new frontiers ensures it remains a dominant player in the tech industry. Investors and industry watchers alike will be keen to see how Nvidia leverages its current success to fuel future growth.


Mohul Ghosh
Mohul Ghosh
  • 980 Posts

Subscribe Now!

Get latest news and views related to startups, tech and business

You Might Also Like

Technology
Sep. 8, 2022

Samsung Launches The Wall All-In-One and Flip Pro: Is This The Future Of Display Technology?

Samsung has launched The Wall All-In-One – the modular MicroLED it says is revolutionizing the future of display and the Flip Pro, which is an interactive display. Both were unveiled at the InfoComm India 2022 which is India’s Professional AudioVisual (Pro AV) and Systems Integration Technology Exhibition. This took place in Mumbai from September 5-7. […]

Technology
Jul. 28, 2022

Google Street View Launches In India Across These 10 Indians Cities! Plans To Expand To 700,000 Kms, 50 Cities In 2 Years

Google’s Street View is finally available in India a decade after it was prevented from capturing data for its Street View services. Second coming Street view offers a 360-degree interactive panorama feature initially for 10 Indian cities with data from local partners Tech Mahindra and Mumbai-based Genesis International. Its entry into India is facilitated by […]

Technology
Jul. 10, 2022

This Electricity-Free Cooler Developed By IIT Researchers Can Replace Air Conditioners! How It Work?

Indian Institute of Technology Guwahati researchers have built a ‘Radiative Cooler’ which does not require electricity to operate. This is an affordable and efficient ‘passive’ radiative cooling system that can serve as an alternative to ACs. The coating material is an electricity-free cooling system that can be applied in the rooftops and functions during both […]

Technology
Jun. 27, 2022

This New Battery Will Enable Electric Cars To Run 1000 Kms In Single Charge! Will This Transform Electric Mobility?

Chinese company Contemporary Amperex Technology Co Ltd (CATL) has developed a battery that gives EVs a driving range of over 1,000 km or 621 miles on a single charge. About the company The company is China’s leading automotive lithium-ion battery maker. Tesla, Volkswagen, BMW, and Nio are among the companies for which CATL supplies batteries. […]

Recent Posts

Related Videos

   

Subscribe Now!

Get latest news and views related to startups, tech and business

who's online