support@headlinenews360.com
Nvidia Makes History: NVIDIA, which has created hardware related to generative artificial intelligence, has become the first company with a market cap of $ 4 trillion, or about Rs 334 lakh crore. It has left behind the big companies of the Apple and Microsoft world. Amidst the ever increasing demand for AI technology, its stock witnessed a rise of more than 2.5 percent on Wednesday.
In December last year, Apple achieved the biggest market cap, leaving behind everyone, but NVIDIA now left him behind. Earlier, both Apple and Microsoft have crossed three trillion market cap.
NVIDIA left Apple-Microsoft behind
In June 2023, NVIDIA first crossed the 1 trillion mark. And after that, in the next 12 months, there was a tremendous jump in its market valuation. NVIDIA created history by crossing the figure of $ 2 trillion in February 2024 and then in the month of June.
Companies like Apple and Microsoft have a market cap of 3 trillion dollars, but are far behind achieving this success. Microsoft is the second major valuable American company with a market cap of $ 3.75 trillion.
Profit increased to $ 44.1 in the first quarter
In April, when the worldwide Bhurajiti stress was at its peak and Trump’s tariff created the new uncertainty in the market, since then its stock has a tremendous jump of 74 percent. Recently, the trade deal with countries around America has helped its stock to rise further. After this, S&P 500 index reached all -time high levels.
NVIDIA on S&P 500 is the first company with a stock of 7.3 percent, while the stock of Apple-Microsoft is between 7 and 6 percent. The company increased to $ 44.1 billion during the company’s first quarter. This is a huge increase of 69 percent on an annual basis. In the second quarter, NVIDIA estimated $ 45 billion profits. The results of the second quarter will be released by the company on August 27.
Also read: EXPLAINED: 50% on copper and 200% Trump’s tariff on pharmaceutics will affect India?
