To The Moon

$NVIDIA Corp(NVDA)$  Apple's throne as the most valuable company in the world was taken by Nvidia last Friday (25/10). This was driven by the surge in Nvidia shares which continued to break records due to high demand for super advanced artificial intelligence (AI) chips.

Nvidia's market value touched $3.53 trillion, slightly above Apple's $3.52 trillion, based on data from LSEG. Nvidia closed the trading day up 0.8%, reaching a market value of $3.47 trillion, while Apple shares also rose 0.4% with an enterprise value of $3.52 trillion.

However, based on the Companies Market Cap list until this news was released, Monday (28/10/2024), Apple has re-established its position as the most valuable company in the world with a market value of US$3.52 trillion. Meanwhile, Nvidia is in second place with a market value slightly below, namely US$3.47 trillion.

The founder and CEO of Nvidia, Jensen Huang, has become a rich man with a significant increase in wealth since AI's popularity skyrocketed in 2022. Currently, Huang's assets are estimated at US$123.5 billion (Rp. 1,943 trillion) according to the Forbes Real-Time Billionaires report. Huang is the 11th richest person in the world.

In June, Nvidia also became the most expensive company in the world before its position was snatched back by Microsoft and Apple. The market capitalization of these three technology companies has continued to compete closely over the past few months, with Microsoft currently valued at $3.18 trillion after seeing its shares rise 0.8%.

Nvidia has become a major supplier of processors for AI computing, making it the biggest winner in the competition between tech giants such as Microsoft, Alphabet and Meta Platforms to dominate this emerging technology.

In my opinion, there is nothing wrong with buying NVIDIA shares because it depends on each person's control. I myself just bought NVIDIA shares on October 25. NVIDIA is one of the world's AI giants that can compete with other giant companies such as Apple and Microsoft.