Winning Bizness Desk

Mumbai. In a major development, the US semiconductor chip maker Nvidia has become the world's second most valuable company, leaving behind Apple. Nvidia Corp's stock closed at $1,224.40 (about Rs 1,86,958) with a gain of $60.03 (5.16%). The company's market cap has increased to $3.01 billion (about Rs 251 lakh crore) owing to the rise in this stock. At the same time, Apple's market cap is $3 billion (about Rs 250 lakh crore). On Wednesday, Apple's stock closed at $195.87 with a gain of 0.78%.

Notably, Nvidia's market cap had grown ahead of Apple even in 2002. Then the market cap of both the companies was $10 billion, which was less than Rs 83,000 crore. 5 years later, in 2007, Apple launched for the first time, after which its market cap grew rapidly. Nvidia's stock gave a return of 169.08% in the last 6 months. Nvidia's stock has given a rapid return of 6.93% in the last 5 days and 169.08% in 6 months. So far this year, Nvidia's stock has given a return of 154.19%. At the same time, Nvidia's stock has climbed 216.76% in the last one year and 3,265.59% in the last 5 years. Nvidia is already the world's most valuable semiconductor firm.

NVIDIA has four centers in India

NVIDIA has four engineering development centers in India, located in Hyderabad, Pune, Patna and Bengaluru. According to Bloomberg, Nvidia is planning to improve its AI accelerator. The company designs and formats GPUs. Nvidia is a technology company known for the design and formatting of graphics processing units (GPUs).

Founded in 1993

NVIDIA was founded in 1993 by Jensen Huang, Karthis Prem and Chris Malachowski. Its headquarters is in Santa Clara, California. Nvidia designs and develops chips for gaming, smart mining and professional applications. Along with this, its chip systems are also used in vehicles, robotics and other devices. The net worth of the company's CEO Jensen Huang increased to Rs 89 lakh crores

Total net worth more than $ 1.5 billion

According to reports, the net worth of the company's CEO Jensen Huang increased by more than $ 5 billion (about Rs 41 thousand crores) in the stock market on Wednesday, taking his total net worth to more than $ 1.5 billion. Apple's revenue rose to $107.4 billion (about Rs 89 lakh crore). Apple has been hit this year, with prices being pressured by a drop in agricultural demand in China and fines from the European Union. On Wednesday, Apple's stock rose 0.78% to close at $195.87. In the last one month, Apple's stock has seen a rise of 7.79%. At the same time, Apple's stock has given a return of 1.85% in 6 months and 9.30% in one year.