On November 10th, with the collective rise of US technology stocks in recent days, the total market value of global AI hardware star company NVIDIA reached $362.1364 billion, becoming the first company in history to have a market value exceeding $3600 billion, surpassing the market value of Apple and Microsoft.
On November 8th local time, the US stock market closed with Nvidia's stock price at $147.63 per share. Despite a 0.84% drop in stock price, its total market value still reached $3.62 trillion. As of the close of the day, Apple's stock price was $226.96 per share, with a total market value of $3.43 trillion; The stock price of another technology company, Microsoft, was $422.54 per share, a decrease of 0.68%, with a total market value of $3.14 trillion. The total market value of both companies is lower than that of Nvidia.
Under the global AI wave, Nvidia has always been a big winner in the US stock market. According to Wind, the company's stock price has nearly doubled since the beginning of 2024. After the stock price soared this year, Nvidia's market value has now exceeded the combined market value of Lilly, Wal Mart, JPMorgan Chase, Visa, United Health Group and Netflix.
Along with the soaring market value, there are concerns about the future prospects of Nvidia. Some industry insiders have pointed out that Nvidia has always held a dominant position in the training market since the rise of deep learning. However, many startups and market participants are working hard to develop alternative solutions to Nvidia's products. These emerging companies are focused on developing more targeted chips, hoping to launch low-power, low-cost alternatives in the field of inference to meet the growing market demand for specific tasks. Despite Nvidia's market value reaching a new high, other technology companies and startups are intensifying their search for market opportunities.
Industry observers believe that Nvidia, which has abundant capital and technological reserves, currently holds an advantage. However, the increasing demand for diversity in technology and supply chain within the industry has brought certain variables to the market.