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It might become the most valuable company in the world – Some don't own a single product

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The giant of the semiconductor industry already stands out from the rest of Big Tech, whose products are an integral part of our daily lives

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<p> photo shutterstock </p>
<p>Many have never bought a single product of hers, have never even heard of her or even can't say her name correctly. And yet, Nvidia is well on its way to becoming the world's most valuable company.</p>
<p>Since the beginning of the year, the semiconductor and technology company's stock value has increased sixfold, bringing its total market capitalization to almost 2.8 trillion dollars. Thus, it now surpasses the value of Amazon, about 1.9 trillion. dollars, and Alphabet with approximately 2.1 trillion. dollars. Now, it's poised to pass Apple ($2.9 trillion) and even Microsoft ($3.1 trillion).</p>
<p>However, the giant of the semiconductor sector already stands out from the rest of Big Tech, whose products are an integral part of our daily lives. People work, entertain and communicate through Big Tech products: talk on iPhone, search on Google, watch videos on YouTube, scroll on Facebook, shop on Amazon, work on Excel, etc.</p>
<p>For example, the great investor Warren Buffett has praised the power of the Apple brand, saying among other things how necessary its products are for our lives. Hence his company, Berkshire Hathaway, has invested heavily in Apple.</p>
<p>On the contrary, Nvidia's name may ring a bell only to those who follow developments in the technology industry and stock markets. Aside from gamers and PC lobbyists, its products don't “touch” everyday life in the same way that other business giants do. Thus, the average consumer has not had time to understand its enormous success.</p>
<p>However, in 2023 Nvidia had occupied the position number 117 in BrandFinance's annual ranking of international brands. This year, it jumped to 30th place. Of course, Apple, Microsoft, Google and Amazon paid the top four.</p>
<h3 class=Huge Demand

Of course, given Nvidia's huge market cap, investors they expect that in the future the company will become necessary for society. They are “betting” that the chips it makes will be a pillar of the artificial intelligence “revolution” and will be widely used in smart devices and the data centers that will connect them.

Nvidia graphics cards may not they have yet to become widely known to the general public, but they are seeing huge demand from giants like Meta and other companies investing in artificial intelligence. As a result, Nvidia's sales more than doubled to $61 billion last year.

Sources: moneyreview.gr, Business Insider

Source: www.kathimerini.com.cy

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