 |
|
|
|||||
Yesterday, Nvidia Corporation (Nasdaq: NVDA) became the first company to surpass a $4 trillion market capitalization. The AI chip giant did so on the strength of its position in the artificial intelligence race that has been sweeping the globe. Nvidia makes the graphics cards and other computing infrastructure that power AI platforms. A companys market capitalization, or market cap, is determined by adding up the total value of all the shares in that company. As of yesterday, when you added up Nvidias total shares, you got a value of more than $4 trillion. But Nvidia isnt the only company that will likely cross this $4 trillion milestone. Here are other companies that are closeor relatively closeto the $4 trillion market valuation mark, as of the close of the market yesterday, according to stock market data from Yahoo Finance. Microsoft Microsoft Corporation (Nasdaq: MSFT) closed at $503.51 per share yesterday, bringing the companys market cap to just north of $3.7 trillion. This makes the Windows maker the second-most valuable company, only behind Nvidia. Of course, like all the companies on this list, its stock prices current and past performance are no predictor of where the companys valuation goes next. Still, as of the time of this writing, Microsoft is less than $300 billion in value away from becoming the worlds second $4 trillion company. Apple Apple Inc. (Nasdaq: AAPL) was the first public company in history to cross the $1 trillion, $2 trillion, and $3 trillion market cap marks. Currently, it ranks third in the worlds most valuable public companies. Yesterday, the companys shares closed at $211.14, giving Apple a market cap of just over $3.1 trillion. That means Apple is about $900 billion in value shy of a $4 trillion market cap. While this brings Apple closer in value to $4 trillion than the rest of the companies on this list, the $900 billion gap means Apples stock price will need to rise by nearly 25% to reach a $4 trillion market cap. The closest Apple has ever come to this threshold is a market cap of $3.9 trillion last yearnearly there. Amazon The e-retail giant Amazon.com, Inc. (Nasdaq: AMZN) is next closest to a $4 trillion market cap. But first, its got to pass the $3 trillion mark, too. As of yesterdays close at $222.54, Amazon has a market capitalization of approximately $2.3 trillion. This means the stock needs to nearly double in value to reach a $4 trillion market capitalization. Alphabet (Google) Right behind Amazon is Alphabet Inc. (Nasdaq: GOOG), owner of Google. The search giants share price closed at $177.66 yesterday, giving it a market cap of just over $2.1 trillion. Again, that makes it one of the most valuable companies ever, but it also means that Alphabet still needs to pass the $3 trillion mark before it can hope to achieve a $4 trillion valuation, matching Nvidia’s. Meta Facebook owner Meta Platforms, Inc. (Nasdaq: META) is the next closest U.S. company to a $4 trillion valuation. However, it is currently a long way from reaching that milestone. The companys shares closed at $732.78 yesterday, giving it a market cap of just over $1.8 trillion. That means Meta shares need to more than double to reach a $4 trillion valuation. Road to $10 trillion? That any public company would have a trillion-dollar market cap once seemed unimaginable. But then on August 2, 2018, Apple did just that, becoming the worlds first trillion-dollar company. It took 37 years, 7 months, and 21 days to reach that milestone after its initial public offering on December 12, 1980. Apples next trillion dollars came much faster. On August 19, 2020, Apple became the first company to surpass a $2 trillion market capitalization. It added that extra trillion in valuation in just 2 years and 17 days. Then, just 2 years, 10 months, and 11 days later, Apple became the first company to cross a $3 trillion market cap. Since Apple first became a 12-figure company in 2018, many other U.S. companies have surpassed this milestone. That includes Nvidia, Microsoft, Amazon, Alphabet, Meta, Tesla, and Broadcom. Whats remarkable about Nvidias rise to the most valuable publicly traded company ever is that while it took Nvidia just over 24 years to cross the $1 trillion market cap in June 2023, it took the company a mere 2 years and change to cross the $4 trillion mark. Thats an addition of another $3 trillion in market capitalization in less than 25 months. Of course, theres no guarantee that Nvidia stays above the $4 trillion market cap mark. Yet, the rate at which the biggest tech companies are increasing their market caps in recent years suggests that, if things continue on the same trajectory, the world may very well see its first $10 trillion company (or companies) before this decade is over.
Category:
E-Commerce
In 2022, I was hired to build out AI operations at a health-tech startupat the time, we were pioneering the use of AI in healthcare, which required abundant human oversight. Over time, new GenAI models were launching at an unprecedented pace and new iterations like GPT-4 could solve a case in 30 seconds, compared to the four months it took my team. It quickly became clear to both my employer and me that my skills were no longer needed, and there were no clear opportunities to chart a new path at my job with my current skill set. I was left with no choice but to move on. As I reignited my job search, I was keen on finding AI-proof positionsroles that wouldnt be affected by the AI revolutionbut I persisted with a traditional search. It wasnt until about five months later that I realized this approach wasnt working. Frustrated, I paused to rethink my entire strategy and questioned whether I was looking at the problem from the right angle. Then came my light-bulb moment: instead of thinking about what AI was going to do to me, I shifted my mindset to explore what it could do for me. Secret weapon AI quickly became my secret weapon. I created a custom “CareerBuddy GPT” in ChatGPT to help me with rote work like drafting a cover letter and updating my résumé to tailor to each individual job posting. Using AI cut down the time I was spending on my job search by 70 to 80% but it also saved me the headache. Anyone who is grinding on the job search knows the process can be fatiguing. I found the best use for AI, however, was using AI as a strategic partner, assessing my candidacy for roles, generating leads for my job search, and advising on the best ways to position my experience. By simply uploading my résumé or summarizing my objectives, CareerBuddy GPT identified people to reach out to, organizations to vet, and even open job listings that I may have missed. Untapped resource This resulted in landing a role at a fresh new startup, which is ironically all about perfecting the human-AI relationship. Ultimately, using AI in my job search helped me realize that collaborating with AI was my greatest untapped resource. I am currently leveraging a lot of what I self-learned to improve our organizations internal AI programidentifying where AI can fill the gaps and free up my teams for more creative opportunities. There are some revolutions so momentous that we cannot avoid them even if we want to. Unfortunately, I couldnt sustain my health-tech position as that revolution unfolded. But this situation clarified an important learning for me: the AI wave is here and there are two options: you can get pulled in by the undertow or grab a surfboard and ride the wave. Maximizing productivity AI can become your job hunter, career coach, your personal shopper, or your receptionist. It can help you save time, explore different paths, find space for creativity, and develop your own set of skills. My personal beliefalbeit cautiously optimisticis that human value is not going to vanish even if AI can replicate some of our capabilities. But what AI can do is help maximize human productivity and help humans unlock value they dont even know they have. To be clear, sharing my experience is not meant to invalidate peoples stories or deny the truth. As headlines fuel fears around AI replacing human workers, layoffs are happening more frequently. Microsoftjustlaid off 3% of its workforce(7K+ employees) in order to funnel more cash into its lofty AI goals, but the two shouldnt be mutually exclusive, and in fact, its better theyre not. We know AI is most helpful in helping complete rote work. At the same time leadership is freeing up, say, software engineers to do coding, theres demand for AI prompt engineering support where human expertise is critically needed. Companies can leverage the power of the AI-human relationship to 100x their productivity, rather than have AI replace the labor theyre letting go. This is not just one way everyonefrom the employee to the board membercan rethink the way we are approaching AI. But we can all start by dispelling our fears that AI will replace us and instead grab that surfboard and make AI our secret weapon and our key to unlocking human potential.
Category:
E-Commerce
In 2020, the art collective Mschf cut up a $30,0000 Damien Hirst print into pieces. Hirsts 88 colorful dots were individually sold for $480, as part of Mschf Severed Spots project that explored themes of ownership and exclusivity in the art world. Now, the Brooklyn-based group is looking to chop into a new piece, but this time its their own foam sculpture of a giant baby.Based on the biblical story of King Solomon cutting a baby in half for two grieving mothers, King Solomons Baby will quite literally be cut into pieces, with the number of deli-like slices being determined by the amount of online buyers. Ultimately, it’s a new approach to how large-scale sculptures can be observed and obtained. [Image: courtesy Mschf]Anywhere from one to 1,000 people can purchase a randomized piece of the baby, with each buyer bringing the price down as the number of baby slices go up. The first person to put in their card to buy a piece of the sculpture could receive the entirety of the 15 foot-long baby for $100,000, or pay as little as $100 for a sliver of its toe, or somewhere in betweenall with no control of the end result.[Photo: courtesy Mschf]Kevin Wiesner, chief creative officer at Mschf, says he hopes the piece gets divided into 1,000 slices, as it will complete the structural transformation of the baby and allow for more people to get a piece of it.Part of the problem with artwork and for us is that whenever we want to make a singular object, we realize that the way that you can interact with a piece like that is very limited, Wiesner says. It doesn’t translate particularly well to a mass audience and people on their phones. This [Solomans baby] is a mechanism that at least scales the experience[possibly] a thousand times. All of those people then become participants in the overall life trajectory of what this sculpture is.[Photo: courtesy Mschf]The baby isnt meant to have one singular meaning, but rather its supposed to open up discussion for what ownership and division can mean to the individual viewer and buyer. As the piece gets cut, it becomes less of a three-dimensional sculpture, and more of a two-dimensional wall ornament meant for public consumption.According to the group, this isnt a new idea, but rather a coexisting example of how we visually interpret the world around us. [Photo: courtesy Mschf]You don’t you don’t know what a thing means until a bunch of people have interacted with it, Wiesner said. I mean, you see it really in on-the-nose stuff, like the Cybertruck. We didn’t necessarily know what that car was going to mean when it was first released, and now it has a very particular cultural meaning that is entirely created by its audience.[Photo: courtesy Mschf]The experimental piece will be displayed at Pioneer Works, a nonprofit arts and cultural center in Brooklyn, New York on July 10, with a ceremonial slicing of the baby down its middle. Following the sale period, the sculpture will be performatively cut into its sold pieces, which will be viewable in-person and via livestream.The final slicings’ of King Solomons Baby will remain on view at Pioneer Works through their Second Sundays event, before each piece is shipped off to its new owner.
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||