Trump’s Return Propels Nvidia to Unprecedented $3.6 Trillion Market Value

Image Credit: Reuters

 

Nvidia (NVDA) shares surged to a record high on Thursday, making it the first company ever to reach a stock market value of $3.6 trillion, as Wall Street continued its rally following Donald Trump's election victory. The AI chipmaker saw its stock rise 2.2%, driven by investor optimism regarding tax cuts and deregulation expected under the Republican administration.

Nvidia's market capitalization ended the day at $3.65 trillion, surpassing Apple's previous record of $3.57 trillion, which was set on October 21. This achievement came just days after Nvidia overtook Apple as the world's most valuable company. Apple's stock rose 2.1% on Thursday, leaving it with a market value of $3.44 trillion.

The S&P 500 technology index saw a 4% gain over the past two days, spurred by Trump's win. Nvidia has been the biggest winner in the race among tech giants like Microsoft and Alphabet to dominate the AI computing sector. The chipmaker's stock has climbed 12% in November, and its value has tripled in 2024 alone.

After this surge, Nvidia's market value now exceeds the combined worth of companies like Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix. Analysts expect Nvidia's quarterly revenue to increase by over 80%, reaching $32.9 billion when it reports earnings on November 20.

Earlier this year, Nvidia briefly became the world's most valuable company before being overtaken by Microsoft and Apple. Currently, Microsoft's market value stands at nearly $3.16 trillion, with its stock up 1.25% on Thursday.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Paraphrasing text from "Reuters all rights reserved by the original author.