NVIDIA succeeded in becoming a public company with a market value of US$4 trillion (~RM17 trillion) this year, albeit very briefly. It’s both a notch in the belt and a milestone for the company, as it is the first company in the world to hit said milestone, beating all other tech rivals to the punch, and by very long lead.
The victory was shortlived, however. While NVIDIA’s stocks rose 2.76% after the US markets opened, its gains levelled out at 1.8% at the end of the trading day, putting its value at just below the US$4 trillion mark.
On a related note, the achievement marks the second time NVIDIA broke past its own market value; several months ago, the GPU company also made history when it became the first company to break past the US$3 trillion (~RM12.8 trillion) mark, and all thanks to the current and ongoing AI boom. This, by the way, is also in spite of the ongoing trade embargoes and sanctions of its GPUs in China.
NVIDIA’s GPUs have been at the centre of the AI boom; they virtually power an overwhelming majority of datacentres for big tech names, including Microsoft, Google, Amazon, and rather stealthily, Deepseek. In its last quarterly earnings, the company generated US$44.1 billion (~RM187 billion) in revenue, up 68% from the same quarterly period one year ago. Those earnings are also reflected in the Richard Mill RM 27-05 Tourbillion watch he was recently seen flaunting; there are only 80 units of the timepiece in existence, and they each cost a whopping US$1.15 million (~RM4.89 million) a pop.
(Source: CNN, Reuters, Luxury Launches)
