Nvidia Surpasses $3 Trillion Market Cap Amid AI Boom and 10-for-1 Stock Split

Jun 9, 2024, 09:13 PM

Nvidia has achieved a significant milestone by surpassing a $3 trillion market capitalization, making it the second most valuable company globally, just behind Microsoft. The company's stock has split 10-for-1, a move that has generated considerable interest among investors. This growth is attributed to Nvidia's strong position in the AI industry, driven by its generative AI and accelerated computing technologies. CEO Jensen Huang's strategic leadership and the company's robust product roadmap have been pivotal in this success. Nvidia's revenue is forecasted to reach $100 billion, and the company's market cap is expected to grow to $10 trillion by 2030. Governments worldwide are investing heavily in AI, opening new sales opportunities for Nvidia and other tech companies. Nvidia is worth $102 million per employee, and Jensen Huang's net worth has surged past $106 billion.