Nvidia's Rise to Most Valuable Public Company
Nvidia, known for gaming chips, has become the most valuable public company globally due to its AI chips. Its market cap now exceeds Microsoft and Apple, with a dominant position in the AI chip market and significant revenue growth.
Key Points
- Nvidia's market cap surpasses Microsoft and Apple
- Controls 80% of the AI chip market
- Revenue in data center business up by 427% year-over-year
- CEO Jensen Huang's net worth at $117 billion
Pros
- Dominant position in the AI chip market
- Significant revenue growth, particularly in data center business