NVIDIA Corporation became the first company in history to achieve a $4 trillion market capitalisation, cementing its position as the world's most valuable company and reflecting extraordinary investor confidence in its dominance of the AI computing infrastructure market.
The milestone comes just 15 months after NVIDIA crossed the $1 trillion mark — making it the fastest company ever to triple in market value. NVIDIA's most recent quarterly results showed revenue of $36.1 billion, a 122% year-over-year increase, with data centre revenue accounting for 85% of total sales.
Competition on the Horizon
Despite the euphoria, AMD's MI350 GPU is expected to close the performance gap in Q4. Intel is investing $100 billion in new fabrication plants. And Google, Amazon, Microsoft and Meta are all developing custom AI chips that could reduce dependence on NVIDIA over the next five years.
Comments (7)
Leave a comment
Devastatingly accurate. Where do we go from here?
I've been following this story across multiple outlets and this is by far the most balanced and thoroughly sourced account. Well done to the editorial team.
Interesting piece but I feel the article undersells the counterarguments from the opposing side. Paragraph 4 gives them one sentence when they arguably deserve more space.
My daughter works in exactly this field and has been describing exactly these dynamics for months. It's validating to see it covered at this level of detail.
The headline doesn't do the article justice. The real story is buried in paragraph six.
The statistics cited here are genuinely alarming. I work in the field and can confirm the trends described match what we're seeing on the ground. Thank you for bringing this to a wider audience.
I've been living in the region described for three years now and the on-the-ground reality is slightly more complicated than the article suggests, though the main thrust is accurate.
First time commenting here. Found this via social media. Incredible journalism — going to read more from this author.