Tech
Nvidia nears market milestone, set to overtake Amazon in value
Nvidia is on the verge of achieving another significant milestone in the market, as the chip maker rides the wave of AI.
With a current market value of approximately $1.8 trillion, Nvidia is poised to surpass Amazon.com as the fourth most valuable company in the United States, according to data from Dow Jones Market Data.
Amazon’s market value stands at $1.76 trillion as of the latest figures.
The impending achievement marks a remarkable shift in fortunes since the last time Nvidia held a higher market value than Amazon.
This occurred in April 2002, a time when both companies were valued at less than $6 billion.
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Tech growth
The substantial growth in Nvidia’s market value underscores the evolution of the tech industry and Nvidia’s pivotal role within it.
From its origins as a niche player to its current position as a key player in multiple sectors including gaming, data centers, and artificial intelligence, Nvidia has experienced a remarkable ascent.
The milestone not only reflects Nvidia’s own success but also highlights the dynamic nature of the market and the shifting fortunes of major corporations.
As Nvidia closes in on Amazon’s market value, it signifies a significant shift in the hierarchy of the U.S. market and underscores the ever-changing landscape of the tech industry.
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