Last night, NVIDIA’s stock price hit a new record with two simultaneous milestones. Following the stock market’s closing, NVIDIA’s stock price increased by 5.16% to $1,224.40 per share, surpassing a market cap of over 3 trillion for the first time, with a market cap of $3.012 trillion.
Companies in the American stock market that have achieved a market cap exceeding 3 trillion dollars previously include Apple in 2022 and Microsoft in January.
NVIDIA’s market cap exceeded 2 trillion dollars at the beginning of March, just three months ago. This rapid growth reflects investor confidence in the company as a hardware manufacturer for AI applications. Factors contributing to this growth include the annual release of new GPU plans, starting with Blackwell Ultra in 2025 and Rubin in 2026. Additionally, the company will undergo a 10-to-1 stock split on June 7th.
NVIDIA’s stock fervor not only pushed its market cap beyond 3 trillion dollars but also propelled it to become the world’s second-highest valued company, surpassing Apple. Apple’s latest market cap stands at $3.003 trillion, just under 90 billion dollars less. Meanwhile, Microsoft retains its position as the top company with a market cap of $3.151 trillion.
Source: Yahoo Finance
TLDR: NVIDIA’s stock price broke records, surpassing a market cap of over 3 trillion dollars and elevating the company to the world’s second-highest valued, trailing only Microsoft.
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