Nvidia Hits Record Valuation
Nvidia recently became the most valuable company in the world, briefly hitting a market value of $3.92 trillion, passing Apple and Microsoft.
Market Movement
- Shares peaked at $160.98, ending the session near $159.60, valuing the company at $3.89 trillion.
- Microsoft holds the second position at $3.7 trillion, while Apple is valued at $3.19 trillion.
Why This Matters
- Nvidia’s rise is fueled by booming demand for its AI chips, used by tech giants like Microsoft, Amazon, Meta, Alphabet, and Tesla.
- The stock has jumped almost eightfold since 2021, yet still trades at a relatively modest 32× forward earnings.
- Nvidia’s market cap now exceeds the total value of all listed companies in the UK and the combined markets of Canada and Mexico.
Expert Insight
- Strategist Joe Saluzzi called reaching $4 trillion “incredible,” underscoring AI’s dominant role in the rally.
- Wedbush analysts expect Nvidia and Microsoft may hit $5 trillion within 18 months.
This moment highlights how deeply Nvidia has transformed financial markets and underscores the explosive growth of AI-driven hardware.