After a slight dip in the past few days, NVIDIA’s market capitalization officially surpassed Amazon’s at the end of the US stock market today. With NVIDIA’s stock price slightly down by 0.17%, their market capitalization stands at $1.782 trillion, while Amazon’s market capitalization decreased by 2.15% to $1.752 trillion.
This now makes NVIDIA the fourth most valuable company in the US stock market. Alphabet, the parent company of Google, currently holds the third spot with a market capitalization of $1.812 trillion. The difference between NVIDIA and Alphabet’s market capitalizations is less than 2%, indicating a close competition for the third, fourth, and fifth positions in the market.
NVIDIA is scheduled to report its quarterly earnings next week, and analysts predict another record-breaking revenue due to the high demand for AI processing hardware, despite supply constraints.
TLDR: NVIDIA’s market capitalization has surpassed Amazon’s, making them the fourth most valuable company in the US stock market. With their upcoming earnings report expected to break records, NVIDIA continues to dominate the AI hardware industry.
Leave a Comment