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NVIDIA is flying: its market value exceeded $2 trillion for a short time!

  • February 23, 2024
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The most talked about company in recent days is undoubtedly NVIDIA. The American technology giant announced a few days ago that its revenue broke a record by increasing

The most talked about company in recent days is undoubtedly NVIDIA. The American technology giant announced a few days ago that its revenue broke a record by increasing annually by 126% and by 265% compared to the same quarter of the previous year. After this we saw an increase in stock by almost 30%. The reason for all this is that the company on the artificial intelligence side These were successful moves.

The rise in the company’s shares continued unabated. Thanks to this increase, the giant company briefly crossed a very important threshold.

NVIDIA has broken new ground by reaching a valuation of $2 trillion in a short time

Screenshot taken by The Verge

NVIDIA’s stock value rose to $814 after today’s huge rise. Thanks to this, the company worth $2.04 trillion achieved, which breaks new ground for both themselves and the semiconductor manufacturers. At the same time Third US company to reach a market value of 2 trillion He also managed to become one. The others were Apple and Microsoft.

Let’s keep in mind that NVIDIA hit $1 trillion on May 30, 2023. In other words, the company gained another $1 trillion in value in just eight months. This is an indication of how successful it is. Let’s add that it was founded in 1993 and it took 30 years to reach 1 trillion.

NVIDIA’s value currently stands at $1.96 trillion

Although NVIDIA briefly exceeded the $2 trillion valuation, its shares subsequently fell. Market value of the company, at the time of writing this news (February 23, 19.12) $1.96 trillion. The stock is trading at $781.

Despite this decline, it wouldn’t be wrong to predict that the company will continue its rise thanks to the steps it has taken in the field of artificial intelligence. We’ll wait and see if it will be among the top three most valuable companies.

The most valuable companies in the world right now

  1. Microsoft – $3.049 trillion
  2. Apple – $2.824 trillion
  3. Saudi Aramco – $2.065 trillion
  4. NVIDIA – $1.96 trillion
  5. Amazon – $1,807

Source: Web Tekno

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