NVIDIA Corp (NVDA): $126.57
Market Cap: $3.11T
Enterprise Value: $3.09T
Last week, the chip-making giant Nvidia (NVDA) saw its market cap soar to $3.34 trillion – surpassing other tech giants like Microsoft (MSFT) and Apple (AAPL) to momentarily become the world’s most valuable company. While Nvidia’s stock price has dropped from that high over the last few days, the earlier rally is unsurprising considering the AI frenzy has shown no sign of stopping – and Nvidia remains at the forefront of it all.
Most investors are familiar with Nvidia following its meteoric rise over the last few years. Simply put, the company is behind a key hardware that makes so many of the modern advances in artificial intelligence and other fields possible. Nvidia has been making strides in the technology sector for years, remaining at the forefront of the race for the fastest graphics processing unit (GPU) for decades.