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The generative artificial intelligence boom has propelled chipmaker Nvidia to new highs, including entry to the $3 trillion market cap club. With an employee count just shy of 30,000, each of its employees is now worth over $100 million.
Nvidia briefly surpassed Apple’s total market cap as both companies cracked the $3 trillion threshold, joining Microsoft at the top. Apple was the first company to ever reach the $3 trillion threshold, but fell off earlier this year as its stock took a hit from a rough start to the year. Compared to Nvidia’s 29,600-strong workforce, Apple employs 161,000 people, while Microsoft counts 221,000 employees, according to FactSet — which means Apple’s employees are worth about $19 million each, and Microsoft’s about $14 million each.
The chip designer’s share price has surged by 155% so far this year, and by 211% over the past year. In May, Nvidia reported a record first-quarter revenue of $26 billion for fiscal year 2025, up 262% from a year ago, beating Wall Street’s expectations. Its share price surpassed $1,000 for the first time after it reported those earnings, but the company has since implemented a 10-for-1 stock split.
Demand for Nvidia’s Hopper GPUs — or graphics processing units, used for training and inferencing the world’s most powerful AI models — has driven the company’s revenue to record highs. It also beat Wall Street’s expectations for its fourth quarter earnings, reporting revenue of $22 billion — up nearly 270% from the previous year.
In March, Nvidia chief executive Jensen Huang unveiled the company’s highly-anticipated Blackwell AI platform which will start shipping to customers later this year. And Nvidia already has Blackwell’s successors lined up. Earlier this month, Huang announced the Blackwell Ultra chip for 2025, and the next-generation AI chip platform, Rubin, coming in 2026. He said Nvidia is on a “one-year rhythm” for announcing new chips.