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Nvidia Becomes World's Most Valuable Company - Science/Technology - Nairaland b3d5n

Nvidia Becomes World's Most Valuable Company (25660 Views)

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obedience4(m): 3:06am On Jun 19, 2024
Nvidia became the world’s most valuable company after its share price climbed to an all-time high on Tuesday.

The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft. It overtook Apple earlier this month.
Nvidia makes computer chips needed for artificial intelligence (AI) software, and demand for its products has boosted its sales and profits over the last few years
.

Many investors believe its earnings can grow even more, which has caused its share price to soar, though some have questioned its sky-high valuation.

Tuesday’s share price rally means the market now values the company at $3.34tn (£2.63tn), with the price having nearly doubled since the start of this year/b]
[b]Eight years ago, the stock was worth less than 1% of its current price


Competition among AI developers is fierce. Microsoft, Google-owner Alphabet, Meta and Apple are just some of the tech heavyweights battling to create a world-beating product.
This competition benefits Nvidia, which dominates the vast majority of the AI chip market
.

As such, investors believe the company will continue to surge in value. Nvidia’s sales and profit figures have sured many analyst expectations in recent years.

In May, after its latest set of financial results were published, Quilter Cheviot technology analyst Ben Barringer said the company had "once again cleared a very high hurdle".
"Demand is showing no signs of switching off either," he added.

However, a minority are more cautious.
In February, Barclays credit analyst Sandeep Gupta argued that Nvidia’s large market share would be hard to maintain given the increasing number of rivals and questioned how Nvidia’s customers would monetise AI software
.

https://www.bbc.com/news/articles/cyrr40x0z2mo

3 Likes 1 Share

Odetokun3(m): 4:10am On Jun 19, 2024
Whao.

Lonely at the top!

13 Likes

mbahdi(m): 9:29am On Jun 19, 2024
And some clowns are here defending one opolo eye kick and start president with empty stomach....na hunger go kill all of u still defending dis useless and hopeless government

50 Likes 2 Shares

Exclusive002: 9:29am On Jun 19, 2024
Odetokun3:
Whao.

Lonely at the top!
well deserved. They are doing well
DMerciful(m): 9:29am On Jun 19, 2024
Like 11 times Nigeria economy, just one company!!!

49 Likes 4 Shares

Zooposki(f): 9:29am On Jun 19, 2024

23 Likes 2 Shares

Basicend: 9:30am On Jun 19, 2024
China dont invent new things or create new research breakthroughs. They wait for new inventions from the West, then make a better clone of it.

34 Likes 5 Shares

omoredia: 9:31am On Jun 19, 2024
Accord to demented people Tinubu will bring dem to Nigeria.

16 Likes 2 Shares

Ekugbeh(m): 9:31am On Jun 19, 2024
Wow
VeeVeeMyLuv(m): 9:31am On Jun 19, 2024
Nvidia
omoredia: 9:32am On Jun 19, 2024
DMerciful:
Like 11 times Nigeria economy, just one company!!!

That's the power of people that have a brain that is working

34 Likes 4 Shares

DaddyRochie1642: 9:32am On Jun 19, 2024
Odetokun3:
Whao.

Lonely at the top!


It is never lonely at the top, better correct that false impression

13 Likes

Thegamingorca(m): 9:33am On Jun 19, 2024
obedience4:


https://www.bbc.com/news/articles/cyrr40x0z2mo


The fvck up nah say unlike Elon musk who owns 13% of tesla and 54% of space X, this guy only owns like 3.6% of Nvidia shares grin


Imagine if he owned upto 10% of this shit.
He for be the richest man on earth. The first as a Taiwanese American. Nvidia will continue to grow sha so definitely he will get to overtake the likes of Bernard Arnault and Jeff Bezos

Jensen Huang

10 Likes 3 Shares

omoredia: 9:33am On Jun 19, 2024
Nigerian tech people na only to wear hoodie they parade with laptop dem sabi

47 Likes 7 Shares

Mayflowa(m): 9:34am On Jun 19, 2024
AI is not slowing down. The share price will even double in a year time. Never thought another grand company could be built in this decade that will rival Apple, Microsoft and Google. This is just a testimony that the beautiful ones are not yet born.

23 Likes

bestman09(m): 9:35am On Jun 19, 2024
Technology is really the future

3 Likes

jaxxy(m): 9:35am On Jun 19, 2024
Hmmm
psalmskiddy(m): 9:36am On Jun 19, 2024
Wow
Brain at work
TheSuperX(m): 9:36am On Jun 19, 2024
As expected
GreenxGreen: 9:37am On Jun 19, 2024
mbahdi:
And some clowns are here defending one opolo eye kick and start president with empty stomach....na hunger go kill all of u still defending dis useless and hopeless government
Agberoconomics

7 Likes

ObongNkakad: 9:37am On Jun 19, 2024
If Nvidia was in Nigeria, Tinibunomics would have rendered it useless

12 Likes 2 Shares

yuzjet(m): 9:37am On Jun 19, 2024
shocked
ATEAMS: 9:37am On Jun 19, 2024
Nice one
Bubu4Sea: 9:38am On Jun 19, 2024
Countries are moving 4wd and protecting their economy.

Nigeria is busy destroying theirs

13 Likes

iCauseTrouble: 9:40am On Jun 19, 2024
victorazy(m): 9:40am On Jun 19, 2024
NVidia is the future.
Cmanforall: 9:41am On Jun 19, 2024
Computing is the future

Congratulations to the them

Private sectors in Nigeria should be encouraged with steady power supply and they may become largest employers of Labour.

Nigerian civil service recruitment should should reviewed. That sector is filled with many workers that don't do anything, only collecting salaries and bleeding the economy
SoNature(m): 9:42am On Jun 19, 2024
American tech companies are competing for the world's most valuable companies because the demand for AI experts and products is extremely high at this time.

Governments around the world must come together to formulate AI policies to protect that rapidly evolving industry. If not, AI may end up doing us more harm than good.

5 Likes 2 Shares

AmiableMosquito: 9:43am On Jun 19, 2024
If you must invest in shares, please only buy shares in the NYSE or any of the American stock exchange market.

I regret ever investing in Nigerian stock market aa a minority shareholder.

https://nairaland.macsoftware.info/8127052/why-should-never-invest-shares

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