Nvidia Reaches $5 Trillion Market Valuation, Becoming First Company to Hit Milestone
By
Emma Roth
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Nvidia has become the world's first company to reach a $5 trillion market valuation, with shares rising to over $211. The chipmaker achieved this milestone after recently hitting $4 trillion in July, driven by its continued success in the AI sector. Nvidia now leads other tech giants including Apple, Microsoft, Alphabet, Amazon, and Meta in market capitalization.
Key quotes
· 5 pulledNvidia has become the world's first $5 trillion company.
Shares soared by up to 5 percent to over $211 around 9:30AM ET on Wednesday morning, according to Bloomberg, marking the latest milestone for a company that only just hit the $4 trillion mark in July.
Nvidia shares have been on the rise as the company continues to make waves in AI.
Apple currently sits behind Nvidia with a $4 trillion market cap, followed by Microsoft, Google's parent company Alphabet, Amazon, and Meta.
Nvidia crossed the $5 trillion barrier after announcing strong AI-related performance.
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