Tech companies with over $1 trillion valuation

Riding the soaring demand for generative artificial intelligence (AI) tools from various tech companies, Nvidia reached $1 trillion market value. The US-based chipmaker shifted its focus to the data centre market in the last few years and is now working to provide the hardware needed to train large language models (LLM) for the ‘AI-first world’.

Nvidia’s chips have become more crucial as companies are now looking to develop AI-based products and the chipmaker is a prominent supplier in this field.

In fact, Nvidia introduced a new DGX supercomputer at the Computex 2023 keynote. The machine features the latest Grace Hopper Superchip, which can deliver an exaflop of AI performance.

Nvidia is not the first tech company to reach a trillion-dollar valuation. In fact, it is also not the first US-based technology to reach the milestone. Apple became the first tech giant to reach the magic number. Here are other companies that reached a $1 trillion valuation.

Apple ($2.79 trillion)
Apple is led by Tim Cook and the company touched the milestone in August 2018. It is the only tech company that has over $2.5 trillion valuation.

Microsoft ($2.47 trillion)
Microsoft is currently the world’s second-largest tech company, behind Apple, with a valuation of over $2 trillion. It broke the $2 trillion mark in February 2023.

Alphabet ($1.58 trillion)
Google‘s parent company Alphabet is the third company that has crossed the $1 trillion valuation mark. The company reached the milestone in January 2020.

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Amazon ($1.25 trillion)
Amazon is close behind Google. It is also the first public company ever to lose over $1 trillion in value in November 2022.

Meta Platforms ($680.86 billion)
Facebook-parent Meta has a long way to reach the mark. The company, however, clinched the trillion-dollar market capitalisation milestone in 2021. Tesla also attained a $1 trillion market cap in 2021 before falling to billions.

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Riding the soaring demand for generative artificial intelligence (AI) tools from various tech companies, Nvidia reached $1 trillion market value. The US-based chipmaker shifted its focus to the data centre market in the last few years and is now working to provide the hardware needed to train large language models (LLM) for the ‘AI-first world’.

Nvidia’s chips have become more crucial as companies are now looking to develop AI-based products and the chipmaker is a prominent supplier in this field.

In fact, Nvidia introduced a new DGX supercomputer at the Computex 2023 keynote. The machine features the latest Grace Hopper Superchip, which can deliver an exaflop of AI performance.

Nvidia is not the first tech company to reach a trillion-dollar valuation. In fact, it is also not the first US-based technology to reach the milestone. Apple became the first tech giant to reach the magic number. Here are other companies that reached a $1 trillion valuation.

Apple ($2.79 trillion)
Apple is led by Tim Cook and the company touched the milestone in August 2018. It is the only tech company that has over $2.5 trillion valuation.

Microsoft ($2.47 trillion)
Microsoft is currently the world’s second-largest tech company, behind Apple, with a valuation of over $2 trillion. It broke the $2 trillion mark in February 2023.

Alphabet ($1.58 trillion)
Google‘s parent company Alphabet is the third company that has crossed the $1 trillion valuation mark. The company reached the milestone in January 2020.

Read Also

Amazon ($1.25 trillion)
Amazon is close behind Google. It is also the first public company ever to lose over $1 trillion in value in November 2022.

Meta Platforms ($680.86 billion)
Facebook-parent Meta has a long way to reach the mark. The company, however, clinched the trillion-dollar market capitalisation milestone in 2021. Tesla also attained a $1 trillion market cap in 2021 before falling to billions.

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end of article