From Nasdaq: 2024-06-06 09:36:05

Nvidia Corp. surpasses a $3 trillion valuation, making it the second most valuable U.S. company after Microsoft. The company’s stock rose 1.4% in pre-market trading, fueled by high demand for AI chips worldwide.

Apple, the previous second most valuable company, now ranks third with a $3.003 trillion valuation, trailing behind Nvidia and Microsoft.

Nvidia’s recent surge in stock value is attributed to the announcement of upcoming AI chip releases. The company plans to introduce Blackwell Ultra in 2025, Rubin in 2026, and an Ultra version of Rubin in 2027, showcasing its commitment to AI innovation.

At a recent trade show, Nvidia’s CEO emphasized the beginning of a new Industrial Revolution, introducing new tools and software models alongside the future AI chip platforms. The Rubin chip platform is expected to feature new GPUs and a central processor called ‘Vera’ for enhanced AI system capabilities.

Nvidia continues its rapid pace of AI chip development, with the Blackwell GPU already in production to be shipped to customers by the end of 2024. This super chip is significantly faster than its predecessor and builds upon the success of the NVIDIA Hopper architecture introduced two years ago.



Read more at Nasdaq: Nvidia Hits $3 Trillion Market Cap, Overtakes Apple