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Five Companies that are most valued in world with over US$1trillion market cap
Can Nvidia be the sixth one to reach that milestone
Nvidia reached a market cap of US$963.18 billion on May 27, 2023.
This makes Nvidia the world's 6th most valuable company worldwide
Nvidia is a technology company that specializes in graphics processing units (GPUs).
Nvidia's GPUs are some of the most powerful on the market
Nvidia has a strong track record of innovation.
Expanding into new markets, such as self-driving cars and data centers.
Data center revenue recorded strong growth in first quarter of 2024 with revenue of $4.28 billion
For First Quarter Fiscal 2024, Quarterly revenue of $7.19 billion, up 19% from previous quarter.
Second quarter fiscal 2024 revenue outlook of $11.00 billion
Companies with over US$1trillion market cap are the most valuable companies in the world
Apple Inc
Microsoft
Saudi Aramco
Amazon
Alphabet Inc (Google)
Apple with market cap of US$2.759 trillion is the most valuable company in the world as of May 27, 2023
Microsoft is the second most valuable company in the world with market cap of US$2.475 trillion as of May 27, 2023.
Saudi Aramco - a non-USA company - is the third most valuable company in the world with market cap of US $7.717 trillion as of May 27, 2023.
Amazon's market cap is US$1.26 trillion.
This is the fourth most valuable company in the world by market cap.
Alphabet Inc. is the parent company of Google.
The company is the 5th most valuable company in the world with market cap of US$1.59 trillion as of May 27, 2023.
Nvidia Corporation is getting closer to US$1 trillion valuation target this year.
Nvidia is already the sixth most valuable company in the world with market cap of US$963.18 billion on May 27, 2023
Can it cross USD1trillion market cap this year?
Nvidia is already trading with high valuation. It may be risky to invest in the company now
Let us find out other technology companies that can be benefited out of this AI boom
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