- Nvidia becomes first company to reach $3.6 trillion market capitalization
- Post-election tech rally propels chipmaker past previous Apple record
- Company value triples in 2024 through AI computing dominance
Historic Milestone Achieved
Nvidia reached unprecedented territory by becoming the first company to surpass a $3.6 trillion market value, closing at $3.65 trillion.
The milestone eclipsed Apple’s previous record of $3.57 trillion, cementing Nvidia’s position atop global markets after Tuesday’s leadership change.
Trump Effect Boosts Tech
The chipmaker’s shares gained 2.2% amid broader tech sector optimism following Trump’s victory. The S&P 500 technology index surged over 4% since election day, reflecting investor confidence in potential tax cuts and reduced regulations under the incoming administration.
AI Dominance Pays Off
Nvidia’s remarkable 2024 performance, including a 12% November rally and tripled value this year, showcases its commanding position in AI computing.
company’s market worth now exceeds the combined value of corporate giants Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix.
