Nvidia’s Market Cap Gained $338B This Week—That’s Larger Than the GDPs of Most Countries
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That's also more than the combined market value of Morgan Stanley and Goldman Sachs, two of America’s largest investment banks
Justin Sullivan / Staff / Getty Images
Key TakeawaysNvidia shares soared after the AI chipmaker reported yet another quarter of staggering revenue and earnings growth.Thursday and Friday's gains tacked more than $338 billion onto Nvidia’s market capitalization.To put that in perspective, $338 billion is more than the gross domestic products of most countries, the market values of most companies, and the budgets of most U.S. government agencies.
Shares of Nvidia (NVDA) soared after the AI chipmaker reported yet another quarter of staggering revenue and earnings growth amid booming demand for its semiconductors. Thursday’s gains tacked more than $221 billion onto Nvidia’s market capitalization, in the second-largest daily gain on record. The only instance of a bigger one-day jump was when Nvidia shares surged more than 16% after its fiscal fourth-quarter earnings report in February, adding $272 billion to its market value. Shares rose again Friday, climbing 2.6% to $1,064.69 and bringing Nvidia’s market cap gain this week to more than $338 billion. That's larger than the gross domestic products (GDPs) of most countries, the market values of most companies, and the budgets of most U.S. government agencies.Putting $338 Billion in PerspectiveFor a better sense of how Nvidia's earnings-fueled gain in market cap this week stacks up, $338 billion is:About equal to the entire market cap of Oracle (ORCL), the 20th largest company in the S&P 500$70 billion more than the market value of Advanced Micro Devices (AMD), one of Nvidia’s largest competitors in the AI chip marketMore than the combined market value of Morgan Stanley (MS) and Goldman Sachs (GS), two of America’s largest investment banksAbout half a year’s worth of sales at Walmart (WMT), the world’s largest company by revenueMore than the GDP of Chile, and all but 43 countries, according to the most recent available data from the World BankTwice the Department of Homeland Security’s annual budgetMore than Nvidia itself was worth as recently as November 2022 Read the original article on Investopedia.
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