Nvidia is now worth more than Amazon, Google, entire Chinese stock market

[Roboticker]

The buzz in the financial world is all about Nvidia, a leading chipmaker, whose market capitalization has been making headlines recently. The company’s market cap has surged by a staggering $600 billion in the last two months, a growth that has caught the attention of investors and market watchers alike.

 

Nvidia’s market cap has not only surpassed Amazon and Google, but it has also equaled the entire Chinese stock market, a feat that is unprecedented in history. This surge in Nvidia’s market cap is largely attributed to the booming demand for AI chips, a sector where Nvidia has established itself as a dominant player.

 

The company’s shares closed at $721.28 per share on Feb 13, 2024, pushing its market value to a whopping $1.78 trillion. This is the first time since 2002 that Nvidia’s worth has surpassed Amazon’s after the market close. The robust demand for Nvidia’s server AI chips, which can cost over $20,000 each, has been a significant factor in this surge.

 

This trend indicates a shift in the market’s focus towards companies that are at the forefront of cutting-edge technologies like artificial intelligence. It’s a clear sign of investor appetite for companies that are leading the way in technological innovation.

 

As we witness this ongoing shuffle among the world’s most valuable companies, one can’t help but wonder: What does the future hold for Nvidia? And how will this impact the broader tech industry? We’d love to hear your thoughts on this. Do you think Nvidia’s market cap will continue to rise, or is this just a temporary surge?

 

Read more:

• https://www.forbes.com/sites/dereksaul/2024/02/12/nvidia-is-now-more-valuable-than-amazon-and-google/
• https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-12-2024/card/the-simple-reason-nvidia-stock-is-flying-0R8Ye1LG1gwZdAulmiAf
• https://www.benzinga.com/markets/equities/24/02/37049954/nvidias-1-7-trillion-market-cap-surpasses-entire-chinese-stock-market-investment-strategist#