How NVIDIA became the most valuable company in the world

Let us remind you that NVIDIA took first place on June 18.

The presented chart from Bloomberg shows the growth of the company’s capitalization, which coincided with the bullish crypto market cycle of 2016-2018, and its drawdown almost simultaneously with its transition into the bearish period.

After the transition of the Ethereum cryptocurrency to the proof-of-stake algorithm, some miners switched to providing computing resources for AI. Already in 2023, the hype around ChatGPT and other generative AI products grew to enormous proportions, causing a flood of orders for NVIDIA chips.

Amid the news of NVIDIA’s successes, the price of tokens for projects related to artificial intelligence increased in price. Tokens TAO, FET, AGIX, AKT showed an increase of 15-17% over the past day. A group of these assets often reacts with growth to the publication of NVIDIA financial statements or conferences organized by the company.