Nvidia’s capitalization has finally reached $1 trillion
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On Tuesday, May 30, the American company Nvidia became the first chip manufacturer to join the club of companies with a capital of $1 trillion. This is reported by Reuters.
Photo: nvidia.com 0
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The company’s share price has tripled in less than eight months, reflecting a surge in interest in artificial intelligence following the success of ChatGPT.
Nvidia is up about 200% since October. The company’s shares closed at $401.11 on Tuesday, having traded at a peak of $404.91 per share.
Only four other American companies are now valued at more than $1 trillion:
- apple,
- Alphabet,
- Microsoft,
- Amazon.
“We see Nvidia as the most important company on the planet in a rapidly changing era to one that will be highlighted by the great possibilities of artificial intelligence,” said Angelo Zino, an analyst at CFRA Research.
Read also: Nvidia is already at $380: why Katie Wood is biting her elbows
In the US, Apple was the first to reach $1 trillion in capitalization. The market value of this company exceeded this mark for the first time in August 2018. In September 2018, your bar was overcome by Amazon. Then Microsoft succeeded in April 2019.
The value of Alphabet, the parent company of Google, broke the $1 trillion mark for the first time in 2020.
Let’s remind
“Ministry of Finance” wrote that Nvidia will become the first chip manufacturer in the USA, the value of which exceeds $1 trillion.
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Source: Ministry of Finance
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