A strong increase in the share price in late US trading has pushed Nvidia into first place among the most valuable companies. Measured by the market value of all shares, the company is now worth 3.33 trillion dollars. For the first time, the chip manufacturer has overtaken the software giant Microsoft (3.31 trillion dollars).
Nvidia plays a key role in artificial intelligence (AI) applications. The company’s chip systems are used to train AI software in data centers – and they are also increasingly being used to operate them.
Rivals such as Intel or AMD have not been able to pose any significant competition to Nvidia in the market so far. In addition to Nvidia and Microsoft, Apple is also in the top group in terms of market value. The announcement of new AI functions last week caused a share price boost for the iPhone group, but with a market value of 3.29 trillion dollars, Apple is slightly further behind Nvidia than Microsoft.
Nvidia’s share price jump on Tuesday was preceded by the announcement of a cooperation with the computer group Hewlett Packard Enterprise for technology for AI use in companies.