Nvidia Surpasses $3.6 Trillion Market Value after Trump Win
Record High Shares
Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump’s return to the White House.
Market Capitalization
Nvidia’s stock market value ended the day at $3.65 trillion, beating Apple’s record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world’s most valuable company, according to LSEG data.
Technology Index
The S&P 500 technology index has surged over 4% in the two sessions since Trump won the election on Tuesday.
AI Chipmaker Dominance
Nvidia has been the U.S. stock market’s biggest winner from a race between Microsoft, Alphabet and other heavyweights to build out their AI computing capacity and dominate the emerging technology.
Stock Performance
The Silicon Valley chip designer’s stock has climbed 12% in November, with its value tripling so far in 2024.
Market Comparison
Following this year’s surge, Nvidia now exceeds the combined value of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix.
Analyst Expectations
Analysts on average see Nvidia increasing its quarterly revenue by over 80% to $32.9 billion when it reports its results on Nov. 20, according to LSEG.
Market Rivalry
In June, Nvidia briefly became the world’s most valuable company before it was overtaken by Microsoft and Apple. The tech trio’s market capitalizations have been neck-and-neck for several months.
Conclusion
Nvidia’s record-breaking market value is a testament to its dominance in the AI chipmaking industry. The company’s strong stock performance and analyst expectations suggest a bright future ahead.
FAQs
Q: What is Nvidia’s current market value?
A: Nvidia’s current market value is $3.65 trillion.
Q: Who surpassed Nvidia in market value before?
A: Microsoft and Apple briefly surpassed Nvidia in market value before it regained its position.
Q: What is Nvidia’s projected quarterly revenue?
A: Analysts expect Nvidia’s quarterly revenue to increase by over 80% to $32.9 billion.