Nvidia becomes the world's first $4 trillion company, CEO world's 18th richest person

[G2ThaUNiT]

CaptainExplosion said:

G2ThaUNiT said:

By a mile! As recent as 2019 their market cap was less than $150 billion. To go from that to $4 trillion in less than 6 years is unthinkable.

It now makes sense why they don't give 2 shits about upgrading and optimizing their GPU hardware for best gaming performance anymore. That's not where the money is.

So NVIDIA is to blame for jobs lost to AI?

Nvidia for the most part, has been able to avoid layoffs. I believe they laid off like 300 at the beginning of the year, but that's pretty much been it for idk how many years. Nvidia is a hardware company though, unlike the likes of Microsoft or Google, who are primarily software companies. So they need the developers and engineers for their hardware since they focus on AI in hardware computing. Whereas Microsoft and Google are trying to go for AI in software competing with the likes of ChatGPT.

Nvidia is also a lot smaller of a company than most tech giants. Microsoft and Google have around 200,000 employees. Apple has over 160,000. Nvidia only has 36,000. They don't have overhire in positions that aren't needed. So it's helped them stay well above profitable (clearly with a $4 trillion market cap) to the point they don't need to have layoffs.

How long that momentum lasts? Who knows.