NEW YORK (dpa-AFX) – The semiconductor manufacturer NVIDIA could become the first company in the world with a market value of more than five trillion dollars on Wednesday. The share price of the number one AI profiteer continued to build on its gains from regular trading in after-hours trading on Tuesday. The price climbed to more than $206 after climbing to a record high of $203.15 in main trading.
The share ended regular trading with an increase of five percent to $201.03. At this price, Nvidia is valued on the stock market at almost $4.9 trillion. At a rate of more than $206, it would be more than five trillion dollars. If the increase above this mark succeeds, Nvidia would reach another milestone in its stock market history within a few months.
The company only surpassed the $4 trillion mark in July of this year. In the summer of 2024, the company was worth more than three trillion dollars for the first time. Nvidia is benefiting from the boom in artificial intelligence (AI), as the chip manufacturer’s products are a central component for the expansion of AI use.
Since the end of 2022, Nvidia’s share price has risen almost 14 times. With an increase of almost 1,300 percent, the share leads the list of the so-called Magnificent 7 on the stock exchange by far. In second place is Meta (Meta Platforms (ex Facebook)) with an increase of just over 500 percent.
Nvidia is also miles ahead in the ranking of the world’s most valuable companies, currently worth almost 4.9 trillion. With around four trillion dollars each, Apple and Microsoft follow far behind. Google parent Alphabet (Alphabet A (ex Google)) is in fourth place with $3.2 trillion.
Nvidia announced several partnerships with other companies at a conference on Tuesday. With an investment worth billions, Nvidia becomes a large shareholder in the Finnish network specialist Nokia. This wants to use technology from the US group in future mobile phone base stations.
Nvidia, in turn, could use Nokia’s network technologies in systems for data centers in the future. Further announcements concerned, among others, the ride-hailing company Uber and the pharmaceutical company Eli Lilly./zb/ag/stk
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