Nvidia made history on Thursday by experiencing the largest one-day market capitalization gain ever, adding a staggering $272 billion to its overall value.
The chipmaker’s impressive surge came on the heels of an impressive earnings report and sales outlook that surpassed all analyst expectations, driven by the increasing demand for artificial intelligence technology.
After jumping by a remarkable 16.4%, Nvidia’s closing stock price settled at $785.38, propelling its market capitalization to $1.94 trillion. This spike catapulted the company to the third spot on the list of the most valuable U.S. corporations, sitting behind only Microsoft and Apple.
Notably, this significant gain surpassed the previous record set by Meta Platforms Inc. just two weeks prior, when the company added $205 billion following a strong earnings report and dividend announcement.
In contrast, companies like Apple and Amazon have come close to achieving similar milestones, each gaining slightly over $190 billion on separate days earlier this year.
Nvidia’s groundbreaking performance underscores the company’s standing as a leader in the industry, fueled by its innovative products and solutions that continue to reshape the landscape of technology and AI.
With this momentous achievement, Nvidia has solidified its position as a powerhouse in the market, with investors and stakeholders eagerly watching to see what groundbreaking developments the future holds for this tech giant.
