On June 18th, Nvidia's stock price rose 3.6%, with a market value of $3.34 trillion, surpassing Microsoft's ($3.32 trillion). On that day, Apple's stock price fell by 1.1% and its market value dropped to $3.29 trillion.
With the rise of generative artificial intelligence, Nvidia's stock price has increased significantly since the end of 2022.
In the past two years, as Wall Street gradually realized that Nvidia's technology was the engine behind the explosive growth of artificial intelligence, and this explosive growth showed no signs of slowing down, Nvidia's stock price has also skyrocketed. Since the beginning of this year, Nvidia's stock price has risen by over 170%.
Earlier this month, Nvidia's market value exceeded $3 trillion for the first time and surpassed Apple.
Nvidia holds approximately 80% of the market share in the artificial intelligence chip market for data centers.
In the last quarter, Nvidia's data center business revenue increased by 427% year-on-year, reaching $22.6 billion, accounting for approximately 86% of its total sales.
According to Forbes data, Huang Renxun's net assets have grown to approximately $117 billion, ranking 11th on the global billionaire list.
Jun 29, 2024
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