Nvidia is now worth more than Amazon and Alphabet (2024)

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Nvidia is now worth more than Amazon and Alphabet? ›

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Topline. Nvidia's market value surpassed those of fellow technology titans Amazon and Alphabet on Monday, an almost unbelievable feat accomplished as Nvidia's stock more than quadrupled over the last 15 months as investors bought into Nvidia's market-leading position in artificial intelligence.

That puts Nvidia's market capitalization at $2.59 trillion, according to FactSet. Amazon.com is worth $1.88 trillion and Tesla is worth $554 billion.

Nvidia's data center business is a leading driver of success and has a demand for AI infrastructure. Data center sales made up nearly 87% of Nvidia's revenue. Other Big Tech companies -- such as Google, Microsoft and Meta -- continue to invest in AI and announced increased AI spending in their earnings reports.

Nvidia's market capitalization surged past that of Google parent Alphabet Wednesday. The shift makes Nvidia America's third most valuable company behind Microsoft and Apple. Nvidia's rise comes amid expectations the chipmaker could benefit from the artificial intelligence boom.

The day after surpassing the market value of Amazon.com, the chip giant has now overtaken Alphabet as well. Shares of Nvidia rose 2.5 per cent on Wednesday, closing with a market capitalisation of about US$1.83 trillion, and topping the search giant's value of roughly US$1.82 trillion, data compiled by Bloomberg show.

Artificial intelligence chip and software leader Nvidia (NVDA) on Tuesday took the crown as the most valuable company by market capitalization, surpassing previous top dogs Apple (AAPL) and Microsoft (MSFT).

Nvidia's $2.5 trillion market cap is more than Amazon and Tesla put together.

Though Nvidia is the market leader, it isn't the only chip designer on the block. In fact, Amazon (AMZN -3.65%), a company known for its ability to expand across a wide range of areas -- from e-commerce to healthcare and cloud computing -- also is playing a key role in the AI boom.

machine learning, and artificial intelligence (AI). Nvidia has continued to deliver leading-edge graphics developments through its groundbreaking GPU efforts. Currently, Nvidia's greatest source of revenue is its Compute and Networking business segment, which includes artificial intelligence (AI).

Who is Nvidia's biggest competitor? ›

Advanced Micro Devices (AMD) is a major competitor of NVIDIA in the graphics processing unit (GPU) market. AMD's GPUs, known as Radeons, compete directly with NVIDIA's GeForce GPUs in the consumer and professional markets.

Apple has delivered solid stock growth more recently, hitting a new high in its share price this year. However, Nvidia's lead in AI and more extensive financial resources than its competitors indicate it could surpass Apple in 2025.

Nvidia's specialization means it is able to charge a premium for its products. In fact, its chips, which are manufactured in Taiwan, are so unique that companies looking to build AI capabilities are complaining that there is a shortage of them.

Nvidia is now worth more than Alphabet, one day after surpassing Amazon. Visitors stop by an AI server based on Nvidia chips in Hangzhou, China, on Sunday, June 6, 2021. Wall Street's favorite artificial intelligence darling is continuing to swell to staggering heights.

“Nvidia has long talked about the fact that GPUs are a superior technology for handling accelerated computing.” Today, Nvidia's four main markets are gaming, professional visualization (like 3D design), data centers, and the automotive industry, as it provides chips that train self-driving technology.

Nvidia Overtakes Microsoft as World's Most Valuable Company Nvidia Overtakes Microsoft as World's Most Valuable Company. Nvidia has become the most valuable company in the world after its market capitalization grew to $3.34 trillion, overtaking Microsoft at $3.32 trillion.

Despite generating just $26.97 billion in sales, which is less than half of Intel's $54.2 billion, Nvidia's market capitalization has surged to an impressive $2.056 trillion, dwarfing Intel's $185.27 billion.

Market cap: ₹219.971 Trillion

As of September 2024 NVIDIA has a market cap of ₹219.971 Trillion. This makes NVIDIA the world's third most valuable company by market cap according to our data.