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Nanotech: Shaping the Future of Multiple Industries

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Nanotech: Shaping the Future of Multiple Industries

Nanotech: Shaping the Future of Multiple Industries

 
Through innovation, the physical footprint of technology is becoming smaller day-by-day, and nanotech is the extreme. Nanotech is a vast overarching umbrella for technology in many industries (including energy, biotech, warfare, etc.), and it is garnering significant interest from both the private and public sector.

Nanotech’s reach in a wide range of industries is creating radical innovation across the board. Perhaps the most significant impact of nanotech is in health and medicine. Nanotech is being utilized in various forms of cancer treatment and it is progressively succeeding in fighting the deadly disease. Researchers have achieved promising results by applying gold nanoparticles to cancerous cells and heating the gold by using infrared lasers. In contrast to removing cancerous cells through surgery, this procedure is non-invasive and does no harm to healthy cells. Nanomedcine is a growing and promising industry. By some estimates, the market has the potential to be worth $177 billion by 2019.

Ray Kurzweil, renowned futurist and Director of Engineering at Google, has an interesting insight for the future of nanotech: “By the time we get to the 2040s, we’ll be able to multiply human intelligence a billionfold. That will be a profound change that’s singular in nature. Computers are going to keep getting smaller and smaller. Ultimately, they will go inside our bodies and brains and make us healthier, make us smarter.”

 

Original infographic from: Jabil 

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Nvidia is Worth More Than All of These Companies Combined

Gain a unique perspective on the market cap of Nvidia in this simple graphic.

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Putting the Market Cap of Nvidia Into Perspective

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Nvidia’s massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company?

To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major U.S. tech companies.

All figures were sourced from Companiesmarketcap.com, and are as of May 23, 2024.


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Data and Takeaways

All of the numbers we used to create this graphic are included in the table below.

CompanyMarket Cap
(as of May 23, 2024)
Nvidia$2.5T
Meta$1.2T
Tesla$553B
Netflix$272B
AMD$257B
Intel$128B
IBM$157B

These figures are even more impressive when you consider that at the beginning of 2020, Nvidia was valued at a relatively tiny $145 billion.

Since then, the company has greatly surpassed other American chipmakers like Intel and AMD. This growth is due to several key factors:

  • Expansion into AI and data centers: Nvidia’s chips are highly effective for AI training, making them essential for companies engaged in machine learning and generative AI
  • Advancements in AI software: Nvidia has developed AI software platforms, such as CUDA-X and TensorRT, which are widely used by researchers.
  • Strong financial performance: Nvidia has consistently delivered strong financial results in recent years, with substantial revenue growth.

Closing in on Apple

With Nvidia’s latest stock surge (up 13.5% over the past five days ending May 24, 2024), the company could possibly overtake Apple to become the world’s second most valuable company.

Microsoft, another major player in AI, holds the #1 spot with a market cap of $3.2 trillion.

See More Visuals on Nvidia

If you enjoyed this graphic, be sure to check out this graphic that breaks down Nvidia’s revenue by product line, from 2019 to 2024.


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