Connect with us

Hi, what are you looking for?

The Whale CapitalsThe Whale Capitals

Tech News

Nvidia is now worth more than Amazon and Alphabet

Illustration of the Nvidia wordmark on a green and black background.
Illustration by Alex Castro / The Verge

Nvidia surpassed Alphabet in market capitalization on Wednesday, only a day after it overtook Amazon. Bloomberg is reporting that the chip maker’s stock is now worth $1.83 trillion, beating the Google owner’s $1.82 market cap by a hair. This makes Nvidia the world’s fourth most valuable company in the wake of the AI boom, after Microsoft ($3.04T), Apple ($2.84T) and Saudi Aramco. The company is currently making the H100 chip, which powers the majority of LLMs in use today, including OpenAI’s ChatGPT and the majority of AI projects from Microsoft, Meta, and Amazon.

The world’s largest tech companies are involved in an AI chip arms race, with each of them hoping to create their own GPU chip to topple Nvidia’s virtual monopoly. Ironically,…

Continue reading…

You May Also Like

Editor's Pick

Chris Edwards The federal government’s debt is rising to dangerous and unprecedented heights. Compared to the size of the economy, the debt will soon...

Tech News

An employee assembles a fuel cell system in the module final assembly at GM and Honda’s fuel cell joint venture in Brownstown, Michigan. |...

Tech News

Microlino Lite in Geneva. | Image: Micro Swiss company Micro — maker of the happy little Microlino electric bubble car — just unveiled a...

Editor's Pick

On this week’s edition of StockCharts TV‘s StockCharts in Focus, Grayson pulls back the curtain on our latest site-wide product release – one of our biggest...