Nvidia Climbs Above Apple and Microsoft in Market Cap, Yet Remains Under the Radar

Money | June 22, 2024, 10:13 a.m.

Nvidia is on the rise, surpassing Microsoft as the largest company in the world by market capitalization. Despite its massive valuation, Nvidia lags in brand recognition compared to iconic names like McDonald's and Disney. A major player in AI with over 80% market share in training and deploying software, Nvidia has seen unprecedented growth driven by its GPUs. While primarily known for data center GPUs, Nvidia's gaming revenue is also growing. The company's brand value is on the rise, particularly among enterprise buyers, placing it in the top 10 most valuable global brands alongside tech giants like Apple and Microsoft. Nvidia's rapid ascent in brand awareness is notable, particularly among retail investors. While facing challenges in enhancing its brand strength, Nvidia's future potential remains high as it continues to dominate the AI market.