Highlights:
- Nvidia’s shares surged 2.2% to $802.47 premarket.
- The stock is poised to reach a $2 trillion market value if current gains persist.
- NVDA saw a remarkable 16% increase, adding a record $277 billion to its market value, bringing it to $1.88 trillion.
- Nvidia Corp has risen to become the world’s fourth-largest company by market capitalization, following a 16.4% surge on Thursday driven by impressive quarterly earnings.
- The company’s market cap has increased by $740.2 billion this year, marking the largest global increase.
Nvidia Rockets to $2 Trillion Market Cap, Leaves Amazon and Alphabet in the Dust:
Nvidia Corp has hit a historic milestone, surging to a staggering $2 trillion market capitalization and surpassing industry giants like Amazon.com and Alphabet Inc. This remarkable achievement marks a significant moment in Nvidia’s journey, solidifying its position as a global tech powerhouse.
The company’s ascent to the $2 trillion mark comes on the heels of a phenomenal 16% surge in its stock price following a stellar quarterly earnings report that exceeded Wall Street’s expectations. This surge added a record $277 billion to NVDA market value in just one day, propelling it to the forefront of the U.S. stock market as the third-most valuable company.
Nvidia’s rise to prominence has been fueled by its relentless innovation in the semiconductor industry, particularly in areas such as artificial intelligence, gaming, and data centers. Its cutting-edge technology and strategic investments have positioned it as a leader in these high-growth sectors, attracting investors and driving unprecedented growth in its market value.
- This surge propelled Nvidia to become the third-most valuable company in the U.S. stock market, surpassing Amazon.com and Alphabet.
- NVDA is on track for its seventh consecutive week of gains, with a year-to-date rise of 58.6%, following a 239% surge in 2023.
As Nvidia continues to expand its product portfolio and capitalize on emerging trends like cloud computing and autonomous vehicles, analysts are optimistic about its future prospects. The company’s ability to stay ahead of the curve and adapt to evolving market dynamics has earned it the confidence of investors and cemented its status as a key player in the global tech landscape.
Meanwhile, Amazon.com and Alphabet Inc find themselves trailing behind Nvidia as the company’s market capitalization soars to new heights. While these tech giants remain formidable players in their own right, NVDA’s rapid ascent underscores the shifting dynamics within the tech industry and the increasing importance of semiconductor technology in powering the digital economy.
Nvidia’s Journey to Becoming the Fourth Largest Company by Market Cap:
- In the United States, Nvidia now ranks as the third-largest company, surpassing tech giants Amazon.com Inc and Alphabet Inc, and trailing only Microsoft Corp and Apple Inc.
- Globally, Nvidia holds the fourth position, with Saudi Aramco ahead in market capitalization.
- As of Thursday, Nvidia’s market cap reached $1.96 trillion, compared to $1.52 trillion at the end of January.
Nvidia Corp has emerged as a formidable force in the global market, solidifying its position as the fourth-largest company by market capitalization worldwide. This achievement follows a remarkable 16.4% surge in its stock price driven by a quarterly earnings report that surpassed analysts’ expectations. The company’s market cap has experienced an unprecedented increase of $740.2 billion this year alone, making it the third-largest company in the United States, trailing only behind Microsoft Corp and Apple Inc.
Don’t Miss : Forecast Nvidia’s Earning $1.7 Trillion
On a global scale, NVDA stands as the fourth-largest company, trailing behind Saudi Aramco. As of Thursday, the company’s market cap reached $1.96 trillion, a significant rise from $1.52 trillion at the end of January. Nvidia’s stellar performance has played a crucial role in driving the S&P 500 index to achieve record highs, contributing over a quarter of the index’s rise this year.
Analysts are closely monitoring NVDA’s trajectory, particularly in light of the increasing capital expenditures by leading cloud computing companies to meet the rising demand for artificial intelligence training and inference. It is anticipated that Nvidia will significantly benefit from this trend, with revenue expected to rise by a couple of billion each quarter throughout fiscal 2025 as more chip supply becomes available.
As NVDA celebrates this monumental achievement, the company is poised to continue its upward trajectory, driving innovation, and shaping the future of technology in the years to come. With its $2 trillion market cap firmly in place, Nvidia has firmly established itself as a force to be reckoned with, leaving its competitors in the rearview mirror.
