Nvidia, the popular chipmaker, has seen a remarkable surge in its market value recently, surpassing even the combined market capitalization of India’s BSE Sensex. This significant milestone was achieved after Nvidia’s stock rallied by an impressive 16.40% in the previous trading session, resulting in a staggering $277 billion increase in its market capitalization in just one day.
With this extraordinary growth, Nvidia has now become the fourth-largest company globally in terms of market value, standing at an impressive $1.94 trillion. This achievement is particularly noteworthy as Nvidia’s market capitalization now exceeds the total combined value of all 30 companies listed on the benchmark S&P BSE Sensex.
Just two years ago, Nvidia’s market value was less than half of the collective worth of the Sensex companies. However, in a remarkable turn of events, Nvidia’s value has soared by a remarkable 560% since then. Last year, Nvidia reached a significant milestone by hitting a market value of $1 trillion, placing it in an exclusive group of companies with such high valuations.
The surge in Nvidia’s shares to a record high of $785.38 on the NASDAQ index by a whopping 16% in a single day underscores investor optimism about the company’s future growth, particularly in the field of artificial intelligence (AI) owing to its advanced chip-making capabilities. Nvidia has also projected its revenue for the current period to be around $24 billion, exceeding analysts’ expectations.
With investors showing confidence in Nvidia and its potential to capitalize on the increasing demand for AI technology, the company’s market value has now reached $1.89 trillion. The strong performance of Nvidia underscores its position as a key player in the AI market, with further growth prospects on the horizon.
As Nvidia continues to make waves in the tech industry, its latest achievements highlight the company’s resilience and innovative capabilities in a dynamic market landscape.
