Nvidia approaches $1 trillion in market capitalization

Nvidia (NVDA) market capitalization briefly exceeded 950 USD billion in early trading Thursday, pushing it to a new all-time high and making it more valuable than the five biggest US chipmakers combined.

The chipmaker is now worth more than competitors Broadcom (AVGO), AMD (AMD), Texas Instruments (TXN), Intel (INTC) and Qualcomm (QCOM) combined. It's also just short of the coveted $1 trillion valuation, a feat that only five US companies – tech giants Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Google parent Alphabet (GOOGL) ) – were able to achieve as well. far.

Better-than-expected earnings sent Nvidia shares up more than 20% in after-hours trading and its market capitalization rose by nearly $200 billion in a single session.

Nvidia shares are up 130% since the start of the #39; year, having already more than doubled in 2023 before today's gain. They largely outperformed the broader information technology sector, which grew by 25% over the same period. Nvidia has returned a whopping 8,800% over the past decade, compared to a 1,150% return for investor favorite Apple.


Source: investopedia.com

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