Last Tuesday, the market capitalization of Nvidi exceeded the $ 4.02 trillion. It’s a historic record: No other company has passed that border so far.
Comparison with Germany
The best of the value is the best possible comparison with the German stock exchange. The overall market value of all companies that list on the German stock exchange, including large industrial and technological players such as Mercedes, Siemens, SAP, and Volkswagen, currently is about $ 2.97 billion, according to CompaniesSmarketCap data. In other words, Nvidia is now more than a trillion worth more valuable than the entire German stock market market, index.hr.
This comparison is especially interesting because Germany is often described as the economic engine of Europe and the third is the largest economy of the world. However, the explosive growth of Nvidia’s values is the consequences of huge demand for its graphic processors, key to the development of artificial intelligence – especially so-called large language models used by Openai, Google and Microsoft.
Incredible growth
From the beginning 2024. The price of the Stock Nvidi rose more than 160 percent. In less than a year, the company doubled its market value and occasionally assumes the first place on the table of the world’s most valuable companies, in front of Apple and Microsoft. At the same time, there is more and more warnings that such strong growth could be difficult sustainable.
Comparisons between the value of individual companies and national economies have their limitations – market capitalization does not mean the same as the gross domestic product – but the numbers clearly show how much the industry of artificial intelligence, became dominant in the global economy.
Domination of technological giants
Currently, the six largest American technology companies – NVIDIA, Apple, Microsoft, Alphabet (Google), Amazon and Meta – Together is worth more than 17 trillion dollars, which exceeds the annual GDP China.
(Vijesti.ba)
