On Thursday, Nvidia’s stock took an epic jump among the nation’s corporate giants. In one day, the graphics-chip maker total market capitalization added nearly $184 billion – that’s billion with a b. It is one of the biggest one-day market capitalization gains in American corporate history.
To get a sense of the scale, Nvidia’s market capitalization gain on just Thursday was greater than the entire stock market capitalization of some of the biggest and most iconic companies, which operate in industries ranging from banking, entertainment, apparel and software. Ever heard of Wells Fargo WFC, +0.07%, Morgan Stanley MS, +2.19%, Blackstone Group BX, +0.44% or Goldman Sachs GS, +1.27% ? These are the titan companies of Wall Street. Nvidia’s market cap increase on Thursday was bigger than the whole market capitalization of each of these companies.
Of course, Nvidia NVDA, +24.37% is one company and its total market cap is now approaching $1 trillion. There are only five companies in the world that sport market capitalizations in excess of $1 trillion — Apple AAPL, +0.67%, Microsoft MSFT, +3.85%, Saudi Aramco, Alphabet GOOGL, +2.13% and Amazon AMZN, -1.50%. Nvidia will join the club if it ever closes at $404.86. The stock closed at $379.80 on Thursday.