Nvidia Corp.’s meteoric rise has not only solidified its position as the third-largest company in the U.S. by market capitalization but has also propelled it above the GDP of most countries around the world.
Breaking Records
Closing at $788.17 on Friday, Nvidia's stock boasted a market value of $1.97 trillion, exceeding the GDP of all but 11 nations globally, surpassing economic powerhouses like Russia, South Korea, and Australia according to February International Monetary Fund data.
A Landmark Achievement
Nvidia's worth hitting the $2 trillion mark positions it alongside an elite group as only the third U.S. company to accomplish this impressive feat.
Unmatched Growth
Shares of Nvidia have surged by an astounding 238% over the past year, driven by immense interest in its graphics processing units crucial for developing cutting-edge artificial intelligence applications.
Continued Success
In its most recent earnings report, Nvidia confidently predicts sustained demand for its products, resulting in a monumental $277 billion surge in market cap in a single day — setting a new record for the largest one-day valuation increase in U.S. history.
Looking Ahead
The undeniable trajectory of Nvidia's success indicates that the AI bubble remains intact, with Citi asserting that its remarkable post-earnings rally will endure.
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