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Nvidia is now worth more than Amazon and Alphabet
Nvidia’s lead in the AI chip race has made it the fourth most valuable company in the world.
Bloomberg is reporting that the chip maker’s stock is now worth $1.83 trillion, beating the Google owner’s $1.82 market cap by a hair. This makes Nvidia the world’s fourth most valuable company in the wake of the AI boom, after Microsoft ($3.04T), Apple ($2.84T) and Saudi Aramco. Earlier this month, Reuters reported that Nvidia has invested $30 billion into a unit devoted to helping other companies make their own custom AI chips.
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