NEW DELHI: Nvidia has achieved a historic milestone, becoming the first tech company to reach a market capitalization of over $3.6 trillion. This unprecedented growth follows the re-election of Donald Trump, sparking investor optimism about potential policy shifts that could benefit the tech sector. The companyโs recent stock surge, rising 2.2% on November 7, brought Nvidiaโs valuation to $3.65 trillion, placing it ahead of tech giants Apple and Microsoft, with market values of $3.44 trillion and $3.16 trillion, respectively.
This achievement reflects Nvidiaโs robust presence in the semiconductor and artificial intelligence (AI) sectors, where it has emerged as a dominant force. Nvidiaโs advanced AI chips are widely utilized across industries, including cloud computing, autonomous vehicles, and advanced robotics. The companyโs recent accomplishments have positioned it at the forefront of the AI revolution, helping fuel the rapid adoption of AI technologies globally.
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Nvidiaโs rise also underscores a notable trend in the tech industry, where chipmakers are increasingly valued for their contributions to future technology frameworks. In the highly competitive AI market, Nvidiaโs GPUs power a significant portion of data centres and advanced AI applications, giving it a strong advantage over competitors like Intel and AMD. The re-election of Donald Trump is seen by investors as a potential catalyst for tech growth, with hopes that his administration will implement policies favouring innovation and industry expansion.
Elon Musk, the worldโs richest person, also saw a considerable boost to his wealth following Trumpโs victory. Muskโs net worth increased by $26.5 billion, bolstered by a 15% surge in Teslaโs share price. Musk has been a vocal supporter of Trump, reportedly donating $130 million to Trumpโs campaign and using his social media platform, X (formerly Twitter), to express his support.
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The re-election appears to have invigorated investor confidence in the tech sector, particularly in companies like Nvidia and Tesla. As the Trump administration is expected to introduce tech-friendly policies, the sector may witness additional growth, enabling these companies to push boundaries and solidify their positions at the top of the market.
