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Nvidia Tops $2 Trillion Valuation in First for Chipmakers

The chipmaker’s shares rose as much as 4.9% on Friday after closing at a $1.96 trillion valuation in the previous session.

The gain will cement Nvidia’s position as the world’s fourth-most valuable company after rallying roughly 65% since the beginning of the year, with a market capitalization that’s only behind those of Microsoft Corp., Apple Inc. and Saudi Aramco.

Tweet on NVIDI’A market cap

Bloomberg chart

Nvidia Corp. is on its way to becoming the first semiconductor firm with a $2 trillion valuation, another milestone in its ascendancy as the biggest beneficiary of a rush into artificial intelligence-related stocks over the past year.

Chip giant up over 60% in 2024; ranks as fourth-biggest stock

Firm is biggest beneficiary of rush into AI-related equities

While Apple and Microsoft took over two years to go from $1 trillion to $2 trillion, Nvidia is on track to accomplish that in under a year as the stock rides Wall Street’s AI frenzy.


Image: Nvidia