[Shots] Nvidia beats Amazon and Google in terms of valuation

Nvidia's shares surged by 2.5 percent on Wednesday pushing its market capitalization to $1.83 trillion - beating Google parent Alphabet Inc.

As reported by Bloomberg, the American GPU giant Nvidia‘s shares surged by 2.5 percent on Wednesday pushing its market capitalization to a whopping $1.83 trillion – beating Google parent Alphabet Inc. ($1.82 trillion). Just a day before, Nvidia surpassed E-commerce giant Amazon when Nvidia saw a 2.6 percent hike, while Amazon witnessed a 0.4 percent dip.

The development makes Nvidia the fourth most valuable company in the world after Microsoft ($3.00 trillion), Apple ($2.82 trillion), and Saudi Aramco ($2.00 trillion).

According to various reports, the rise in Nvidia’s valuation comes amid the skyrocketing demand for AI tools that require GPUs for Large Language Models (LLM).

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Interesting Read: Startup Glossary – 40+ Startup Terms Every Startup Founder & Entrepreneur Should Know

Riyaz Idrisi
Riyaz Idrisi

Former Senior Editor at LAFFAZ. Riyaz is a marketing professional with tremendous capabilities to deploy multiple online marketing techniques and synergize innovative promotional methodologies to make content available to relevant people.

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