The world’s technology companies are dominating the market, but there is one specific company in this sector that is larger than five other well-known companies worldwide.. Nvidia is worth more than Meta, Tesla, Netflix, AMD, Intel and IBM combined.
Figures from companiesmarketcap.com, as of May 23, showed that Nvidia’s market capitalization reached US$2.5 billion. It is important to remember that the technology company at the beginning of 2022 was barely valued at US$145 billion, which has reflected exponential growth.
Intel and AMD, other chip makers in the market, were far surpassed by the technology company; These companies have a market capitalization of $128 billion and $257 billion, respectively.
Other large companies do not come close to Nvidia’s figures either. Mark Zuckerberg’s titanic corporation, Meta, has a market capitalization of $1.2 trillion and It is the one that is closest to the chip manufacturer’s figures. There is also Tesla, valued at $553.00 million; Netflix ($272,000 million) and IBM ($157,000).
Nvidia’s growth is due to factors such as the expansion of AI and data centers. Visual Capitalist assured that this company’s chips are manufactured for the new functionalities of artificial intelligence, especially generative AI.
They also stand out in AI software advances, as they have developed two platforms: Cuda-X and TensorRT, widely used by researchers. The company also has solid financial results.
