Nvidia’s Market Cap Gained $338B This Week—That’s Larger Than the GDPs of Most Countries

Trending 3 weeks ago

That's besides much than nan mixed marketplace worth of Morgan Stanley and Goldman Sachs, 2 of America’s largest finance banks

Justin Sullivan / Staff / Getty Images

Key Takeaways

  • Nvidia shares soared aft nan AI chipmaker reported yet different 4th of staggering gross and net growth.
  • Thursday and Friday's gains tacked much than $338 cardinal onto Nvidia’s marketplace capitalization.
  • To put that successful perspective, $338 cardinal is much than nan gross home products of astir countries, nan marketplace values of astir companies, and nan budgets of astir U.S. authorities agencies.

Shares of Nvidia (NVDA) soared aft nan AI chipmaker reported yet different 4th of staggering gross and net maturation amid booming demand for its semiconductors. 

Thursday’s gains tacked much than $221 cardinal onto Nvidia’s market capitalization, successful nan second-largest regular summation connected record. The only lawsuit of a bigger one-day jump was erstwhile Nvidia shares surged much than 16% aft its fiscal fourth-quarter net study successful February, adding $272 billion to its marketplace value. 

Shares roseate again Friday, climbing 2.6% to $1,064.69 and bringing Nvidia’s marketplace headdress summation this week to much than $338 billion. That's larger than nan gross home products (GDPs) of astir countries, nan marketplace values of astir companies, and nan budgets of astir U.S. authorities agencies.

Putting $338 Billion successful Perspective

For a amended consciousness of really Nvidia's earnings-fueled summation successful marketplace headdress this week stacks up, $338 cardinal is:

  • About adjacent to nan full marketplace headdress of Oracle (ORCL), nan 20th largest institution successful nan S&P 500
  • $70 cardinal much than nan marketplace worth of Advanced Micro Devices (AMD), 1 of Nvidia’s largest competitors successful nan AI spot market
  • More than nan mixed marketplace worth of Morgan Stanley (MS) and Goldman Sachs (GS), 2 of America’s largest finance banks
  • About half a year’s worthy of income astatine Walmart (WMT), nan world’s largest institution by revenue
  • More than nan GDP of Chile, and each but 43 countries, according to nan astir caller disposable information from nan World Bank
  • Twice nan Department of Homeland Security’s yearly budget
  • More than Nvidia itself was worthy arsenic precocious arsenic November 2022

Investopedia requires writers to usage superior sources to support their work. These see achromatic papers, authorities data, original reporting, and interviews pinch manufacture experts. We besides reference original investigation from different reputable publishers wherever appropriate. You tin study much astir nan standards we travel successful producing accurate, unbiased contented successful our editorial policy.

More
Source investopedia
investopedia