look news india
Nvidia becomes most valuable company: American company Nvidia, which makes AI chips, has become the world's most valuable company. The company has achieved this feat by surpassing Microsoft. Microsoft is now the world's second most valuable company with a valuation of $3.32 trillion. Apple has reached the third position with $3.27 trillion.
According to media reports, this company has overtaken India and Asia's richest man Mukesh Ambani. American AI chip maker Nvidia has overtaken iPhone and other device maker Apple for the first time in 2022 two months ago.
company performance
This American company makes Artificial Intelligence (AI) based semiconductors and GPUs (Graphics Processing Units). Which is used to create displays from computers to laptops, smartphones, electric vehicles, 2D and 3D animations. It is also called graphics card and video card in common parlance. These chips are used to make AI based devices. The demand for which is increasing all over the world. Due to this, the company's income has also increased continuously.
Company shares surged
The company's shares rose 3.5 percent on Tuesday, taking its market cap to $3.34 trillion. Microsoft shares were down 0.5 percent and Apple shares were down 1.1 percent. Nvidia's shares have risen 174 percent this year, while last year it was 239 percent. In the first quarter of the year, the company's revenue grew 262% and profit 462%.
The company was founded 31 years ago
Nvidia company was founded in America in April 1993. Its founders were Jensen Huang and his two associates. Jensen Huang is the CEO of the company. He is ahead of Mukesh Ambani in terms of net worth. Mukesh Ambani is at 13th place and Jensen is at 12th place. Jensen's net worth is $119 billion (Rs 9.92 lakh crore). While Mukesh Ambani's net worth is $113 billion (Rs 9.42 lakh crore).
