NVIDIA is doing better than ever, according to a new report that points out how the company behind GeForce and, more importantly, technological innovations for driving AI, managed to reach a market cap of $1.83 trillion on Monday—a number that would put it ahead of Amazon and Alphabet, the holding company behind Google. The market high was over $740 just before noon, leading to a record valuation that dwarfed the ~$300 billion that NVIDIA saw just a few years ago.
Reported market capitalization (2/12):
- NVIDIA: $1.83 trillion
- Alphabet (Google): $1.82 trillion
- Amazon: $1.8 trillion
NVIDIA is trailing:
- Microsoft: $3.1 trillion
- Apple: $2.9 trillion
- Saudi Aramco: $2 trillion
Forbes noted:
Nvidia stock’s 17,000% gain over the last decade is by far the best return of any stock on the S&P 500, nearly tripling the return of silver medalist and fellow chipmaker Advanced Micro Devices. A $1,000 investment in Nvidia a decade ago would now be worth about $175,000.
NVIDIA Fourth-Quarter Financial Results coming:
- Wednesday, February 21
- Results will be publicly announced at approximately 1:20 p.m. PT
- Conference call set for 2 p.m. PT (5 p.m. ET)