Nvidia alone is worth as much as the entire Chinese stock market
Nvidia’s shares have been on a tear thus far this year, rising nearly 50% amid signs that demand remains strong for its chips used in data centers for complex computing tasks required by AI applications.
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@nvidia alone is worth as much as the entire Chinese stock market!
The chip giant is up 49% in 2024, adding $602 billion in value#chips #ai #nvidia pic.twitter.com/FE9kyTrCkj— The_Journalbiz (@the_journalbiz) February 16, 2024
Bloomberg chart
Nvidia has added about $600 billion in market value so far this year, more than it gained in the last seven months of 2023
- The chip giant is up 49% in 2024, adding $602 billion in value
- Market cap of $1.83 trillion exceeds Alphabet’s $1.82 trillion
There seems to be no stopping Nvidia Corp.’s scorching rally. The day after surpassing the market value of Amazon.com Inc., the chip giant has now overtaken Alphabet Inc. as well.
Shares of Nvidia rose 2.5% on Thursday, closing with a market capitalization of about $1.83 trillion, and topping the search giant’s value of roughly $1.82 trillion, data compiled by Bloomberg show.
With the gain, the chipmaker has become the world’s fourth-most valuable company. Saudi Aramco, valued at about $2 trillion, looms as the next milestone, as Nvidia alone is set to overtake the entire Chinese Stock market, valued at circa $1.82 trillion
Nvidia Corp. is the last of the tech giants to report earnings, which are due on Feb. 21.
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Source:Bloomberg/Nvidia
Image: Nvidia
