Nvidia has recently overtaken Microsoft to become the most valuable company in the world, with a market capitalization of $3.45 trillion. This significant achievement follows the company's strong first-quarter earnings, showcasing a remarkable 69% increase in revenue year-over-year. Nvidia's flourishing AI chips are in high demand among tech giants for creating AI applications. CEO Jensen Huang highlighted the critical role of AI infrastructure globally, indicating a transformative era for the technology. Nvidia's stock has appreciated substantially over time, reflecting its pivotal position in the technology and AI sectors.
Nvidia has surpassed Microsoft to become the most valuable company globally, with a market cap of $3.45 trillion, supported by strong earnings and AI demand.
Nvidia's powerful AI chips are utilized by industry leaders like OpenAI and Google, showcasing Nvidia's key role in the ongoing AI boom and digital transformation.
Nvidia CEO Jensen Huang emphasized that global demand for AI infrastructure is strong, positioning the company in the center of what he calls a profound transformation.
With first-quarter revenue growing 69% year-over-year, Nvidia's data center revenue saw a 73% increase, reflecting the company's robust performance and market leadership.
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