Nvidia becomes the world's most valuable company

2024-06-18 · Publisher : Nvidia · Domain : Artificial Intelligence

Driven by demand for AI chips, Nvidia reaches a market value of 3.335 trillion USD and overtakes Microsoft: the GPU supplier becomes, for a few days, the world's most valuable listed company.

On June 18, 2024, Nvidia became the world's most valuable listed company. The designer of graphics processing units (GPUs), long associated with gaming, had become the main supplier of the computing power used to train and run large AI models. ### What happened - The stock rose 3.5% to 135.58 USD, lifting the market value to 3.335 trillion USD, ahead of Microsoft. - In early June, Nvidia had crossed 3 trillion USD for the first time and passed Apple. - The move came days after a ten-for-one stock split, effective June 10, 2024. ### Key figures | Item | Value | |---|---| | Market value on June 18, 2024 | 3.335 trillion USD | | Closing price | 135.58 USD (+3.5%) | | Share of the data center AI chip market | about 80% | | Stock performance in 2023 | more than tripled | ### Why it is a turning point Nvidia's valuation reflects a shift of value in AI: before benefiting model makers, the generative AI wave benefits the company supplying the GPUs and the CUDA software ecosystem that nearly every lab relies on. Cloud providers' data center investments flow directly into its revenue. ### Caveats The top spot is volatile: on June 20 the stock fell and Microsoft took the lead back. The valuation rests on expectations of very high infrastructure spending, and the sector's dependence on a single supplier pushes large customers to develop their own chips. Nvidia's dominance was nonetheless confirmed later, as it crossed 4 trillion USD in July 2025. ### Key takeaways June 18, 2024 marks the moment the supplier of AI compute became the world's largest market capitalization: computing power established itself as the strategic resource of generative AI.

Tags : IA, Calcul, GPU, NVIDIA, Financement