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Semiconductor chip manufacturing company Nvidia has once again become the world's most valuable company. On Wednesday (November 6), the company's shares rose by 2.84%, due to which the market cap increased to $ 3.43 trillion (about Rs 289 lakh crore).
The company has achieved this position by leaving behind iPhone maker Apple. Apple's market cap is 3.38 trillion dollars (about Rs 285 lakh crore). Whereas Microsoft's market cap is 3.06 trillion dollars (about Rs 250 lakh crore).
Earlier, Nvidia had become the world's most valuable company in June 2024. But, this record could remain in the name of the company only for one day.
Nvidia's market cap overtook Apple's in 2002
Even in the year 2002, Nvidia's market cap had reached ahead of Apple. At that time the market cap of both the companies was less than $ 10 billion (about Rs 83,000 crore). Five years later, in 2007, Apple launched the first iPhone, after which its market cap increased rapidly.
World's most valuable semiconductor firm
Nvidia is already the world's most valuable semiconductor firm. NVIDIA has four engineering development centers in India. These are located in Hyderabad, Pune, Gurugram and Bengaluru. According to Bloomberg, Nvidia is planning to upgrade its AI accelerator.
The company designs and manufactures GPU.
Nvidia is a technology company known for the design and manufacturing of graphics processing units (GPU). It was founded in 1993 by Jensen Huang, Curtis Priem, and Chris Malachowski. Its headquarters is in Santa Clara, California.
Nvidia designs and manufactures chips for gaming, cryptocurrency mining and professional applications. Along with this, its chip systems are also used in vehicles, robotics and other equipment.
Net worth of company CEO Jensen Huang is Rs 89 lakh crore.
According to the Bloomberg Billionaires Index, the rise in shares on Wednesday increased the net worth of the company's CEO Jensen Huang by more than 5 billion dollars (about Rs 41 thousand crores), taking his total net worth to $ 107.4 billion (about Rs 89 lakh crores). Went.
Apple faced challenges this year
Apple has faced challenges this year, with its shares under pressure due to declining iPhone demand in China and concerns about fines from the European Union.
On Wednesday, Apple's shares closed at $ 195.87, up 0.78%. Apple's shares have seen a rise of 7.79% in the last one month. At the same time, Apple's shares have given returns of 1.85% in 6 months and 9.30% in one year.
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Nvidia becomes the second most valuable company in the world: iPhone maker Apple is left behind, market cap crosses 3 trillion dollars
American semiconductor chip maker Nvidia has become the second most valuable company in the world, surpassing Apple. Shares of Nvidia Corp closed at $ 1,224.40 (about Rs 1,86,958) on Wednesday, June 5, with a rise of $ 60.03 (5.16%).
Due to this rise in the shares, the market cap of the company has become 3.01 trillion dollars (about Rs 251 lakh crore). At the same time, Apple's market cap is 3 trillion dollars (about 250 lakh crores). On Wednesday, Apple's shares closed at $ 195.87 with a gain of 0.78%.
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