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Nvidia surpasses $3.6 trillion market value after Trump win

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Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.The dominant AI chipmaker's shares rose 2.

FILE PHOTO: A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File PhotoShares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by Donald Trump's return to the White House.

Nvidia's stock market value ended the day at $3.65 trillion, beating Apple's record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world's most valuable company, according to LSEG data.The S&P 500 technology index has surged over 4 per cent in the two sessions since Trump won the election on Tuesday.

The Silicon Valley chip designer's stock has climbed 12 per cent in November, with its value tripling so far in 2024. Analysts on average see Nvidia increasing its quarterly revenue by over 80 per cent to $32.9 billion when it reports its results on Nov. 20, according to LSEG.

 

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Nvidia notches record close, could unseat Apple as most valuable companyShares of Nvidia closed at their highest ever on Monday (Oct 14), putting the heavyweight AI chipmaker on the brink of dethroning Apple as the world's most valuable company. With investors betting on strong demand for its current and next-generation AI processors, the Santa Clara, California company's stock climbed 2.
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