Nvidia Corp. ( NVDA ) recorded the largest-ever single-day jump in market capitalization on Thursday, one day after the chipmaker announced quarterly earnings and a sales outlook that soared past analysts’ expectations amid a boom in demand for artificial intelligence (AI) .

Nvidia rose 16.4% to close at $785.38, adding $272 billion to its market capitalization. That blew out of the water the prior record set just two weeks ago by Meta Platforms Inc. ( META ), which added $205 billion in market cap after it beat earnings forecasts and announced its first dividend.

Before Meta, no company had added more than $200 billion in market cap in a single session, but Apple Inc. ( AAPL ) and Amazon.com Inc. ( AMZN ) had come close. They each gained slightly more than $190 billion on separate days in 2022.

With Thursday’s rise, Nvidia’s market cap stands at $1.94 trillion, putting it in third place on the list of most valuable U.S. companies, behind only Microsoft Corp. ( MSFT ) and Apple.

To put the magnitude of Nvidia’s gains on Thursday into perspective, according to TradingView data:

• Only 28 companies in the Standard & Poor’s 500 (excluding Nvidia) have market caps of more than $250 billion. The smallest of those is Netflix Inc. ( NFLX ), valued at about $254 billion.
• $250 billion is more than half the assets under management of the SPDR S&P 500 ETF Trust ( SPY ), one of the world’s largest, most widely traded exchange-traded funds (ETFs) .
• Goldman Sachs Group Inc. ( GS ) and Boeing Co. ( BA ) have a combined market value of about $250 billion.
• The Big Three U.S. automakers—Stellantis NV ( STLA ), Ford Motor Co. ( F ), and General Motors Co. ( GM )—have a combined market cap of $176 billion.
• The world’s four most valuable sporting goods and footwear makers—Nike Inc. ( NIKE ), Adidas AG ( ADDYY ), Anta Sports Products Ltd. ( ANPDF ), and Deckers Brands ( DECK )—are cumulatively valued at $244 billion, and Nike accounts for more than 60% of that.
• Thursday’s increase put Nvidia’s market cap above $1.9 trillion, more than the gross domestic product (GDP) of all but 11 national economies in 2022—close to Brazil ($1.92 trillion) and greater than next-ranked Australia ($1.69 trillion).