Main points
- Nvidia remains the world's largest company by market capitalization, ahead of Microsoft and Apple.
- In September, Nvidia announced plans to invest in OpenAI.
Nvidia Company / Photo Pexels
Back in the summer, Nvidia set a record by becoming the first public company to reach a market value of $4 trillion. The company is still the market leader, with a market capitalization exceeding $4 trillion.
What is the most expensive company in the world?
Back in July, Nvidia reached a high in the S&P 500, and its market value reached almost $4 trillion, 24 Channel reports, citing the Associated Press.
The company also overtook Microsoft from the top spot in terms of market capitalization. Interestingly, in July 2023, Nvidia's market value was only about $1.05 trillion.
- As of October, Nvidia remains the world's largest company with a market capitalization of $4.50 trillion, according to Fool. The company's revenue is estimated at $165.2 billion.
Interestingly, in September, Nvidia announced plans to invest $100 billion in OpenAI, the developer of ChatGPT, and $5 billion in Intel.
- After it in the ranking is Microsoft with a market capitalization of $3.80 trillion), Apple with $3.70 trillion, Alphabet with $3.10 trillion, and Amazon with $2.30 trillion.
What you should know about Nvidia: It is a technology company that designs and develops graphics processing units (GPUs). They are used for computer graphics and video games.
For reference: Market capitalization is one of the key indicators that shows the total value of a company on the stock market. In simple terms, it is a way to assess how big a company is compared to others. In addition, for investors, a high capitalization of a company indicates reliability.
Which companies have the highest profits?
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In September, Saudi Aramco topped the revenue ranking among 5 other companies – revenues amounted to $193.21 billion.
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Second place belonged to Alphabet (Google) with a figure of $140.07 billion, and third place to Apple with profits of $130.21 billion.
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Meanwhile, in March, Apple was the world's most valuable brand, with a value of $517 billion after a 74% increase. NVIDIA then increased its brand value by 163% to $44.5 billion.