New Delhi
In the last five, Nvidia stocks generated more than 3,224 per cent return to investors. The company will split its stock 10 for 1 later this month.
Software giant Microsoft is the world’s largest company with a market cap of $3.15 trillion.
This is not the first time that Nvidia’s market cap is more than Apple’s. This had happened before in 2002 also. At that time the valuation of both companies was less than $10 billion.
The reason behind the rise in Nvidia’s stock is the increase in the use of AI. Due to this, the demand for chips made by the company has increased all over the world.
The company recently decided to design a new AI chip every year.
The company’s CEO Jensen Huang has described Generative AI as a new industrial revolution. He had said that Nvidia would play a big role in this transformation.
