NVIDIA Corp. (NVDA) became the world’s most valuable company, regaining its position with a market capitalization of $3.763 trillion on June 25, 2023, surpassing Microsoft’s $3.66 trillion market cap. The stock closed at an all-time high of $154.31, following a significant recovery of nearly 80% since its lowest point in early April.
This resurgence occurred despite warnings from NVIDIA regarding a potential $8 billion sales loss due to export restrictions, primarily not counting any sales from China. Additionally, the company experienced significant growth in its automotive sector, with revenues jumping 72% year-over-year to $567 million, and expectations for this segment to exceed $5 billion in fiscal 2026.
NVIDIA’s chips are anticipated to revolutionize the AI landscape, with CEO Jensen Huang noting that AI chips will provide substantial revenue boosts compared to past systems. The company is set for ongoing innovation with plans to launch new chipsets, including its Blackwell Ultra chip in the latter half of 2025, amid a broader projected $1.5 trillion addressable market for AI.
