Nvidia fluctuates the one trillion market cap value
It might have started with gaming GPUs, but Nvidia has bigger fish to fry
Share this article...
WePC is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Prices subject to change. Learn more
Move over gamers and crypto miners, Nvidia is moving on, and reaching that coveted one trillion USD market cap on the NASDAQ. Although it has since fallen below that value threshold since the first time, it certainly going to go up once again over the mark.
The value of the company has been increasing in the lead-up to its Computex keynote, particularly since the share price started rising in after the release of the RTX 4060 Ti funnily enough. Although this isn’t the primary focus anymore most likely as even the best GPUs won’t be the biggest contributors.
Looking at the Nvidia Market cap history, we see the trends it has followed. Following the shortage of 2020 and on, with the rise of cryptocurrencies, it skyrocketed to $822 billion in November 2021. And after that, it depreciated, but since October 2022 it has been growing once again. With the introduction of the Ada series and the focus now shifting to AI, Nvidia was ready to provide the power needed for it.
That’s the expansion Nvidia is hoping for, being able to provide all the computing power required for those large language models for AI. So with the Grace Hopper super chip and advancements in supercomputers, it is providing all the computing power at a price of those much higher than the gaming cards you might consider.
And so bouncing back from all of its crypto sales, it has all the AI revenue to go for. So now Nvidia will be the sixth company in the one trillion USD evaluation. Alongside Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon. Even beating out TSMC in 10th as it provides a whole range of utilities rather than just chips. And will likely continue to provide worse value for its gaming GPUs.
