Key Takeaways
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Nvidia shares soared after the AI chipmaker reported yet another quarter of staggering revenue and earnings growth.
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Thursday and Friday’s gains tacked more than $338 billion onto Nvidia’s market capitalization.
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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
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$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
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Twice the Department of Homeland Security’s annual budget
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More than Nvidia itself was worth as recently as November 2022