Sep 1, 2024 - Politics & Policy
Charted: Nvidia's stunning run
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$2.9 trillion: Total market value for chipmaker Nvidia, which has soared amid demand for AI infrastructure.
- Why it matters: Nvidia chips have become the processors of choice for AI systems — and made Nvidia one of the world's most valuable companies, Axios' Ina Fried and Hope King report.
A year ago, Nvidia was worth half as much — $1.15 trillion.
- It's behind Apple and Microsoft, but ahead of Alphabet (Google) and Amazon.
🔮 A top tech investor — James Anderson, an early Tesla and Amazon backer — told the Financial Times that Nvidia has a 10-15% chance of reaching a $50 trillion market cap in a decade.
- That's a bit more than the combined market value of today's entire S&P 500.
Go deeper: Nvidia earnings show AI spending boom continues.
