Home » Latest News » Technology » Nvidia’s Market Capitalization Reaches $1 Trillion

Nvidia’s Market Capitalization Reaches $1 Trillion

Nvidia's Market Capitalization Reaches $1 Trillion

On Tuesday, the Silicon Valley chipmaker Nvidia saw its market valuation surpass $1 trillion for the first time in its history, riding the wave of Wall Street’s preoccupation with artificial intelligence to new heights.


Investors’ expectations for Nvidia skyrocketed this year, causing the stock price to rise by more than 10% after each earnings release. Last week, the company, which creates the chips that enable generative AI computing along with other software and hardware solutions, announced that it expects profits to double from the previous quarter due to sales of AI-related items. Apple, Amazon, Microsoft, Meta, and Tesla are all up 25% or more in 2023, and their big year-to-date rallies are leading the good return for other mega-cap technology firms.

Battle Approved Motors. Invest Today!!
Get a $250 Amazon Gift Card. Apply Today!


According to a note from Cowen analyst Matthew Ramsay sent out to clients on Thursday, “a paradigm shift now translating into material early revenue for the leader in AI compute,” Nvidia, thanks to its generative AI.


Jensen Huang, cofounder, and CEO of Nvidia, has an estimated net worth of $36 billion, making him the 34th richest person on the planet. Two months ago, Huang was the 76th richest person in the world with a net worth of $21.1 billion.

Read More: Rimac Nevera Breaks 23 Performance Records in 1 Day


Since last October, when Nvidia was worth about $850 billion less than its sister tech titan, the gap between their respective market caps has shrunk to only $250 billion. Nvidia’s market valuation is estimated to be $1.5 trillion, according to a price objective set by Rosenblatt analyst Hans Mosesmann in a note to investors last week. That’s more than Amazon’s but lower than Alphabet’s total.


What is market capitalization?

Market capitalization is the total value of all of a company’s outstanding shares. It is calculated by multiplying the number of shares outstanding by the current share price.

What does Nvidia’s market capitalization reaching $1 trillion mean for the company?

Nvidia’s market capitalization reaching $1 trillion is a major milestone for the company. It is a recognition of the company’s strong financial performance, its leading position in the semiconductor industry, and the growing demand for AI and data center chips. The company is now one of the most valuable companies in the world, and it is well-positioned for continued growth in the years to come.

About Sophia Joel

Sophia Joel, a Mass Communication graduate, is an accomplished author known for her captivating storytelling. With a passion for writing that began in her youth, she has established herself as a respected voice in journalism and fiction. Sophia's versatile style and thought-provoking themes have earned her critical acclaim. She continues to push boundaries and inspire readers with her evocative narratives.