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Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap

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Even with its ascent past $3 trillion in market cap, Nvidia is far from a household name.

Chipmaker Nvidia became the most valuable publicly traded U.S. company for a period this week, topping Apple and Microsoft.

Nvidia's historic rise in valuation — the stock has climbed almost ninefold since the end of 2022 — has been driven almost entirely by demand for its graphics processing units that are at the heart of the boom in generative artificial intelligence and, more broadly, by the hype over AI. Nvidia has over 80% of the market for chips used to train and deploy AI software like ChatGPT. A handful of huge tech companies are the primary buyers of its chips.

A B.A. from Columbia could cost $500,000: Here are the top 10 most expensive places in the U.S. to go collegeNvidia's annual revenue growth has exceeded 200% in each of the past three quarters. For fiscal 2025, revenue is expected to almost double from a year earlier to over $120 billion, according to LSEG., are installed in massive facilities, and typically require a team of expensive data science and supercomputing experts to configure them to efficiently create AI software.

And while Nvidia may not be a name known to your parents — or your kids — it does have resonance in a particular corner of the consumer world. Just ask your hard-core gaming buddy.

 

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