Nvidias Scale Exceeds the GDP of Virtually All Economies in the World

Nvidia recently achieved a milestone by quickly surpassing Microsoft and Apple to become the world’s most valuable company.
On August 18, 2024, Nvidia’s market value reached $3.3 trillion. However, Nvidia’s stock price fell 6.7% within two days, reducing its market value to $3.1 trillion, currently lagging behind Apple and Microsoft.
Nvidia’s current value exceeds the GDP of almost all world economies, except for the top five. Its performance is superior to the entire stock market of France, Germany, and the United Kingdom. This highlights Nvidia’s tremendous global influence.
The driving force behind Nvidia’s growth is the increasing demand for artificial intelligence technology. Nvidia GPUs are crucial for AI applications.
Nvidia plans to release its most advanced AI platform in 2026 and collaborate with Foxconn to establish a computing center in Taiwan. Tesla currently uses Nvidia chips and plans to develop its own custom chips.
The recent 10-for-1 stock split by Nvidia may qualify it for inclusion in the Dow Jones Industrial Average in 2024.
Nvidia’s collaboration with Microsoft to integrate AI software further strengthens its leadership position in the field of artificial intelligence.
Despite the volatility of Nvidia’s market value, its leading position and rapid growth in the field of artificial intelligence indicate a bright future.