Elon Musk's 'one-word take on Nvidia becoming 'More Valuable than Every other Company in the World'
Tesla CEO Elon Musk's reaction to Nvidia becoming the most-valuable company
Nvidia's has become the first public company to touch the 'magic' $4 trillion market value. The company's stock market valuation officially closed above $4 trillion for the first time on July 10 after shares of the AI chipmaker ended the trading session up 0.75% at $164.10, pushing its market capitalisation to $4.004 trillion.
Tesla CEO Elon Musk reacted to Nvidia's growth by sharing a one-word post on X which reads, 'Wow'. A reaction from Musk further underscores Nvidia's dominance in the AI hardware space. Nvidia's chips are central to the infrastructure of major tech firms including Microsoft, Google, Amazon, and Meta. Musk's xAI reportedly uses over 200,000
Nvidia GPUs
, with plans to scale up to 1 million units.
Nvidia races past Microsoft and Apple, thanks to AI chip demand
Nvidia first reached a $1 trillion market value in June 2023 and has since tripled that valuation in roughly one year. Nvidia's rapid growth has outpaced both Apple and Microsoft.
Nvidia's high-end AI processors are at the forefront of an intense race among tech heavyweights including Microsoft, Amazon, Google-parent company Alphabet, and Facebook-parent Meta Platforms. All these company are investing in building AI datacenter while will further strengthen their position in the market.
Despite its rapid ascent, Nvidia faces potential headwinds. The company is particularly exposed to ongoing trade tensions between Washington and Beijing, which include restrictions on exports of its most powerful chips to China, the report said.
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