Nvidia is now worth more than Amazon and Alphabet

Feb 18, 2024 - 12:22

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Nvidia is now worth more than Amazon and Alphabet

Illustration by Alex Castro / The Verge

Nvidia surpassed Alphabet in market capitalization on Wednesday, only a day after it overtook Amazon. Bloomberg is reporting that the chip maker’s stock is now worth $1.83 trillion, beating the Google owner’s $1.82 market cap by a hair. This makes Nvidia the world’s fourth most valuable company in the wake of the AI boom, after Microsoft ($3.04T), Apple ($2.84T) and Saudi Aramco. The company is currently making the H100 chip, which powers the majority of LLMs in use today, including OpenAI’s ChatGPT and the majority of AI projects from Microsoft, Meta, and Amazon.

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Amulya Raj Budhathoki

Multi-hyphenate consultant with a demonstrated history of working in the computer software industry as well as GIS field. Skilled in GIS Application- Remote Sensing-Android Development, and Python. Strong information technology professional with the hobby of reading science and historical books.