Chipmaker Nvidia becomes first company to cross $5 trillion valuation:₹90 lakh crore more than India’s GDP; company makes chips for mobile, drones, EVs

The market cap of the American semiconductor chip manufacturing company Nvidia has crossed $5 trillion, or ₹453 lakh crore, for the first time. Nvidia has also become the first company in the world to cross this figure. This figure is about ₹90 lakh crore more than India’s GDP. According to the IMF, India’s GDP is currently $4.13 trillion, or ₹364 lakh crore. After Nvidia, Microsoft and Apple are the world’s most valuable companies. Microsoft is the world’s second most valuable company. Its market cap is $4.03 trillion, or ₹356 lakh crore. Apple, meanwhile, is in third place with a market value of $4.02 trillion, or ₹355 lakh crore. Just one day earlier, Apple had crossed the $4 trillion mark. Nvidia’s share gains 4.5% today Today, October 29, Nvidia’s share was trading at $210, or ₹18,534, with a 4.5% increase during trading. Due to this, the company’s market cap increased to cross $5.13 trillion for the first time. Just three months ago, the company had crossed the $4 trillion mark. Reason for Nvidia’s market value reaching 5 trillion World’s Most Valuable Semiconductor Firm Nvidia is already the world’s most valuable semiconductor firm. NVIDIA has four engineering development centers in India. These are located in Hyderabad, Pune, Gurugram, and Bengaluru. Nvidia has upgraded its AI accelerator. Company Designs and Manufactures GPUs Nvidia is a technology company known for the design and manufacturing of Graphics Processing Units (GPUs). It was founded in 1993 by Jensen Huang, Curtis Priem, and Chris Malachowsky. Its headquarters are in Santa Clara, California. Nvidia designs and manufactures chips for gaming, cryptocurrency mining, and professional applications. Additionally, its chip systems are used in vehicles, robotics, and other devices. Company CEO Jensen Huang’s Net Worth: ₹15.39 Lakh Crore According to Forbes Real-Time Billionaires List, Company CEO Jensen Huang is the 8th richest person in the world with a net worth of $174.4 billion, or ₹15.39 lakh crore. What is a Semiconductor Chip? Consider a semiconductor as the brain of electronic gadgets. From computers, laptops, cars, washing machines, ATMs, hospital machines to the smartphone in your hand, all operate on semiconductor chips. These chips help operate these gadgets like a brain. Without them, every electronic item is incomplete. Semiconductor chips are made of silicon and are used to control electricity in circuits. This chip helps electronic items operate automatically. For example, in a smart washing machine, the machine automatically turns off after the clothes are completely washed. Similarly, in a car, if you forget to wear your seatbelt, the car alerts you. This happens with the help of semiconductors.