NVIDIA’s stock market value reaches $1 trillion

The company led by Jensen Huang has reached a milestone that seemed unattainable until now and could only be achieved by tech giants such as Google, Amazon, or Microsoft. NVIDIA has entered the club of companies worth $1 trillion on the stock market. With this significant achievement, NVIDIA reaffirms its place as the market leader in the technology sector.

NVIDIA is a company that has positioned itself as one of the best thanks to its graphics cards designed for gamers. Of course, these graphics cards are one of the company’s strengths, but they also produce other technologies for video games, such as the DLSS texture rescaling and smoothing system. As well as the Reflex technology or tool designed to reduce game latency.

However, today, the brand is in the news not because of the presentation of a new graphics card but because NVIDIA has managed to reach the value of $1 trillion in the stock market. As mentioned, only a handful of technology companies have reached that value.

NVIDIA reaches $1 trillion stock market value

NVIDIA’s stock yesterday surpassed $408, up from $186 a year ago. This achievement results from the brand’s strong beginnings in gaming graphics cards and related technologies that have since allowed it to expand its horizons.

Currently, NVIDIA has become a leader in GPUs and other products related to artificial intelligence and data centers. In addition, the company has increased its revenue significantly, thanks to special graphics for these tasks.

In the first quarter of the year, NVIDIA closed it with about $7190 million in revenue, with a net profit of $2043 million. This is on top of the prediction that IA will generate $11 million in revenue in the second quarter.

All of this, coupled with NVIDIA’s brand new AI and gaming announcements at Computex 2023, has led to a big jump in the stock market for NVIDIA. This has led the company to reach the representative value of $1 trillion.

Companies worth $1 trillion

NVIDIA has now achieved what only a few companies have achieved, reaching the $1 trillion mark. Thanks to this significant achievement, the company joins a group of only five other companies.

• Apple
• Google (Alphabet)
• Saudi Aramco
• Microsoft
• Amazon

The question now is whether the graphics card company will maintain its position at the top of the economic “food chain”; on the contrary, it will leave this exclusive club, as happened in the past with Facebook. Recall that Facebook reached this value in 2021 and is now valued at approximately $665 billion. Another company that reached this value in the stock market was Tesla, now valued at approximately $620 billion.

Header: NVIDIA