• Source:JND

In a stunning display of growth, global chip manufacturing giant Nvidia has overtaken tech giants Microsoft and Apple to become the world's most valuable company.  On Monday, Nvidia shares rose by more than 3.5%, pushing the company's market value to an unprecedented level of $3.335 trillion. Although the value slightly decreased to $3.334 trillion on Tuesday, Nvidia's market cap remains an impressive testament to its dominance in the technology industry.

The company's meteoric rise has been nothing short of phenomenal. By February, Nvidia's market cap had increased from $1 trillion to $2 trillion in just nine months, and it took just over three months to reach $3 trillion by June. This growth trajectory highlights Nvidia's strategic position as a leader in the chip manufacturing sector, particularly benefiting from the widespread adoption of artificial intelligence across various industries.

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With a market capitalization of $3.334 trillion as of June 18, Nvidia has surpassed the GDP of many countries. According to International Monetary Fund (IMF) data as of June 19, only six countries boast a GDP higher than Nvidia's market capitalization:

1. United States: $28.78 trillion

2. China: $18.53 trillion

3. Germany: $4.59 trillion

4. Japan: $4.11 trillion

5. India: $3.94 trillion

6. United Kingdom: $3.50 trillion

Nvidia market Cap Vs Nations GDP

This comparison underscores the extraordinary scope of Nvidia's financial valuation, which now exceeds the total economic output of major countries such as France, Brazil, and Canada. This growth is largely due to the development and integration of artificial intelligence, an area in which Nvidia continues to lead with cutting-edge chip technology.

As industries globally continue to embrace AI, Nvidia stands to gain further, which could further increase its market value. The company's current valuation reflects not only its technological prowess but also the growing demand for AI solutions across all sectors.

Nvidia's rise to become the world's most valuable company signifies a new era in which technology companies, especially those specializing in artificial intelligence, are becoming central to the global economy, often rivaling the economic output of entire countries.

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