Nvidia's Market Valuation

Nvidia Corporation

In 2023, Nvidia became the seventh public
U.S. company to be valued at over $1 trillion

(/ɛnˈvɪdiə/, en-VID-ee-ə) is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. It is a software and fabless company which designs and supplies:

• graphics processing units (GPU's)

• application programming interfaces (API's) for data science and high-performance computing

• as well as system on a chip units (SoCs) for mobile computing and the automotive market

• Nvidia is also a dominant supplier of artificial intelligence (AI) hardware and software.

NVIDIA, the innovative chipmaker hailing from California, has seen its value soar in response to a remarkable wave of advancements in artificial intelligence (AI). Their cutting-edge technology is at the forefront of this AI revolution, reshaping industries and redefining possibilities. 

Nvidia's professional line of GPUs are used for edge-to-cloud computing and in supercomputers and workstations for applications in fields such as:

• architecture
• engineering
• construction
• media and entertainment
• automotive
• scientific research
• and manufacturing design

Its GeForce line of GPUs are aimed at the consumer market and are used in applications such as:

• video editing
• 3D rendering
• and PC gaming

With a market share of 80.2% in the second quarter of 2023, Nvidia leads the market for discrete desktop GPUs by a wide margin. The company expanded its presence in the gaming industry with the introduction of the Shield Portable (a handheld game console), Shield Tablet (a gaming tablet), and Shield TV (a digital media player), as well as its cloud gaming service GeForce Now. In addition to GPU design and outsourcing manufacturing, Nvidia provides the CUDA software platform and API that allows the creation of massively parallel programs which utilize GPUs. They are deployed in supercomputing sites around the world. In the late 2000's, Nvidia had moved into the mobile computing market, where it produces Tegra mobile processors for smartphones and tablets as well as vehicle navigation and entertainment systems. Its competitors include AMD, Intel, Qualcomm, and AI accelerator companies such as Cerebra's and Graphcore. It also makes AI-powered software for audio and video processing (e.g., Nvidia Maxine). 

In 2023, Nvidia became the seventh public U.S. company to be valued at over $1 trillion, and the company's valuation has increased rapidly since then as the company became a leader in data center chips with AI capabilities in the midst of the AI boom. In June 2024, for one day, Nvidia overtook Microsoft as the world's most valuable publicly traded company, with a market capitalization of over $3.3 trillion.

Alphabet stock hits record high with new FTC chair

Dates         | Stock Price (GOOGL)

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Two Years Ago |     $87.91

One Year Ago  |     $131.06

Today               |     $195.08

(Dec. 2024) Alphabet (GOOGL.O),  led a Big Tech rally on Wednesday, with its stock hitting a record high after U.S. President-elect Donald Trump picked Federal Trade Commissioner Andrew Ferguson to lead the consumer protection and antitrust agency.

Andrew Ferguson

Trump tapped Ferguson on Tuesday to replace Lina Khan, whose term as FTC chair has expired.

The agency became a political flashpoint under Khan, who promoted antitrust enforcement as a check on corporate power. Several Big Tech firms such as Google-parent Alphabet, Microsoft (MSFT.O), and Apple (AAPL.O), heightened regulatory pressure from the FTC during her tenure.

Ferguson was a "known dissenter" under Khan "and many people feel under his leadership the antitrust case against Alphabet will come to an end", said Jay Woods, chief global strategist at Freedom Capital Markets.

Lina Kahn, former Federal Trade Commission Chair

Trump and his team have been broadly critical of Big Tech companies, although some of his most prominent backers were tech executives, and it is unclear how they will approach regulatory and M&A policy for that sector.

Alphabet's shares rose about 5.5% to hit a record high of $195.45. Tesla (TSLA.O), opens new tab jumped 4.6%, also to a record high, extending its rally since the Nov. 5 presidential election on bets the EV-maker will benefit from CEO Elon Musk's close relationship with Trump.

Other tech shares also rallied. Microsoft gained 1.2% and Amazon.com (AMZN.O), and Meta Platforms (META.O), added 2% each.

The latest inflation report raised expectations of an interest-rate cut by the U.S. Federal Reserve later this month, lifting technology stocks.

Shares of Alphabet have gained over 10% in the last two days following announcements from the company about its AI agents and quantum-chip breakthrough.

Google released the second generation of its Gemini artificial intelligence model earlier on Wednesday and teased a lineup of new ways to use AI beyond chatbots, including through a pair of eyeglasses.

It unveiled a new-generation chip on Monday, which it said helped overcome a key challenge in quantum computing.