Nvidia’s use of generative artificial intelligence (AI) has propelled the chipmaker to unprecedented heights, with a market capitalization of $3 trillion. This achievement is attributed to the advancements in generative AI. With each individual worker estimated to be worth over $100 million, Nvidia employs nearly 30,000 people.
Now the second most valuable company globally, Nvidia trails behind Microsoft, which holds the top spot. Despite Apple being the first company to reach the $3 trillion milestone, its stock experienced a decline. Apple’s workforce is estimated at 161,000 employees, with an average employee value of around $19 million. In contrast, Microsoft’s workforce of 221,000 employees has an average value of approximately $14 million. The disparity is even more significant when compared to Nvidia’s workforce of 29,600 employees.
Nvidia’s stock price has seen significant growth, increasing by 155% since the beginning of the year and 211% over the previous year. In May, Nvidia announced record first-quarter revenues of $26 billion for the fiscal year 2025, surpassing Wall Street expectations by a remarkable 262%.
The success of Nvidia can be attributed to its graphics processing units (GPUs), particularly the Hopper GPUs used for training and inferring powerful AI models. The demand for these GPUs has led to all-time high revenues of $22 billion, a 270% increase from the previous year. Nvidia’s profitability for the fourth quarter also exceeded Wall Street’s expectations.
CEO Jensen Huang announced the formal release of the Blackwell AI platform in March, with plans to distribute it to clients who have purchased it later this year. Nvidia is already working on finding a suitable replacement for Blackwell and plans to release the Blackwell Ultra chip in 2025. Additionally, the Rubin platform, the next-generation AI chip platform, will be available in 2026.
Huang aims to maintain a “one-year rhythm” for releasing new chips, ensuring Nvidia stays at the forefront of AI technology. The company’s continuous innovation and strong market performance have solidified its position as a leader in the industry.
In other news, the Federal Board of Revenue (FBR) has ordered Netflix to pay Rs. 200 million in income tax. This decision highlights the increasing scrutiny and tax obligations faced by digital streaming platforms operating in various countries.