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

business people have a meeting about company statistics
67



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

Key Takeaways

  • Nvidia 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 Perspective

For 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 market
  • More than the combined market value of Morgan Stanley ( MS ) and Goldman Sachs ( GS ), two of America’s largest investment banks
  • About half a year’s worth of sales at Walmart ( WMT ), the world’s largest company by revenue
  • More than the GDP of Chile, and all but 43 countries, according to the most recent available data from the World Bank
  • Twice the Department of Homeland Security’s annual budget
  • More than Nvidia itself was worth as recently as November 2022

OK