Nvidia overtakes Microsoft to become world's most valuable company
Nvidia has become the world's most valuable company, overtaking Microsoft, as the chipmaker's strong position in artificial intelligence (AI) continues to drive its market value. On Tuesday, Nvidia's shares rose by about 3.4%, taking the company's total market value to around $3.45 trillion. This was slightly higher than Microsoft's value of $3.44 trillion.This is not the first time Nvidia has reached the top. The company had earlier taken the number one spot on 24 January this year but was later overtaken. Now, it has returned to the top position, thanks to rising demand for its AI chips and strong earnings growth.Nvidia recently reported its earnings for the first quarter ending April 27. The company posted revenue of $44.1 billion, which was 12% higher than the previous quarter and 69% higher compared to the same time last year. The results show strong demand for its chips, especially those used in AI and data centres.Even with global concerns such as trade tariffs and strict rules, especially related to its H20 chip line, Nvidia's sales continue to grow. The company earned $4.6 billion in sales from H20 products alone during the first quarter of fiscal 2026.INVESTMENTS IN AI INFRASTRUCTURENvidia is not just making chips — it is also building the infrastructure that supports artificial intelligence. The company has shared plans to create up to half a trillion dollars' worth of AI systems in the next four years. These systems include AI supercomputers and large data centres.In April this year, reports said that Nvidia would begin making its AI supercomputers in the United States for the first time. The company has invested in producing its advanced Blackwell chips in Arizona. It is also building AI supercomputer facilities in Texas, with a manufacturing area of more than one million square feet.Nvidia has partnered with Foxconn for its Texas plant. This move is part of its wider goal to make more products closer to where they will be used, helping it avoid supply chain issues and possible trade barriers.GLOBAL AI PLANSIn May, Nvidia announced a new project called 'Stargate UAE'. This project aims to build the world's largest group of AI data centres outside the United States. The first part of this project will be set up in Abu Dhabi, UAE.Nvidia is working with several large companies on this project, including OpenAI, Oracle, SoftBank Group, and Cisco. The goal is to help companies and governments outside the US access high-quality AI tools and systems.CLOUD AND TECH PARTNERSHIPSNvidia's growth is also supported by partnerships with other tech companies. In its latest earnings report, the company talked about its work with Google on AI research, including new projects in robotics and drug discovery.It also announced that its Blackwell chip technology will be used by major cloud service providers such as Amazon Web Services (AWS), Google Cloud, Microsoft Azure, and Oracle Cloud Infrastructure. This means more companies using these cloud platforms will now be able to use Nvidia's powerful AI chips for their services.
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Time of India
34 minutes ago
- Time of India
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Hans India
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- Hans India
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Hans India
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- Hans India
AP, Nvidia ink deal to fuel growth of AI ecosystem
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