TECH - Nvidia's Brand Recognition Lags Behind Apple Microsoft Despite Leading AI Revolution And Market Capitalization Crossing $3 Trillion | Benzinga
NVIDIA Corp (NASDAQ:NVDA) has surged past a $3 trillion market cap, but it has some distance to cover as far as brand recognition is concerned. According to a consulting firm, Apple Inc., Microsoft Corp., Amazon.com Inc., and Alpbabet Inc.’s Google were the four leading global brands at the end of 2023. They are also among the world’s five most valuable companies.
What Happened: Nvidia’s market capitalization crossed the $3 trillion mark and even surpassed, surpassing Microsoft for a brief period last week. However, the company’s brand recognition doesn’t reflect its market capitalization, as it doesn’t even make it to the top 100 most iconic names on Interbrand’s latest list of iconic names, reported CNBC.
The list includes names like McDonald’s Corp., Starbucks Corp., The Walt Disney Co., and Netflix Inc., among others.
Nvidia’s rapid valuation growth, which has seen its stock climb nearly eight-fold since the end of 2022, is primarily driven by the demand for its GPUs, which are crucial to the AI boom. Despite ...