The markets are currently closed. But Apple's share price puts its total market capitalization, or its share prices multiplied by the number of shares, at $3.38 trillion. Nvidia? It clocks in at $3.43 trillion.
That status, of course, is largely down to booming sales on Nvidia AI chips, used for training and running all those large language models like ChatGPT. So, you can see where Nvidia makes its money. Actually, here's a factoid that puts things into perspective. In order to use Nvidia's AI GPUs, you need some specialised networking kit. Nvidia, of course, will be happy to sell you that kit.The flip side to all this is that if feels like Nvidia's riches are somewhat precarious. Should spending billions on LLMs fall out of fashion, Nvidia's revenues would plummet.
Whatever, we doff our metaphoricals to Nvidia's financial prowess. For a company that started out making a few chips that were decent at filtering textures in 3D games, Nvidia has come an awfully, awfully long way.