Nvidia Becomes Number One Most Valuable Company

Nvidia has surpassed the valuation of Microsoft and Apple to become the most valuable company in the world.

Nvidia is worth 3.34 trillion.
Microsoft is worth 3.32 trillion.
Apple is worth 3.29 trillion.

Nvidia has a PEG ratio of 1.66
Microsoft has a PEG (Price earnings growth) ratio of 2.23.
Apple has a PEG ratio of 2.4

Microsoft and Apple have far less growth relative to the price of the stock divided by earnings.

Nvidia is earning far more net income and is rapidly growing that income.

Stock Market investors are doubting that the Artificial intelligence hardware spending will be sustained at the levels that Nvidia is seeing.

I think the AI hardware spending is sustainable as companies like Meta are able to make $7 over four years for each $1 they spend on Nvidia chips. The AI queries are able to profitably displace internet searches.