Please ensure Javascript is enabled for purposes of website accessibility
Nvidia's Stock Market Value Topped $3.3 Trillion. How It Became No. 1 in the S&P 500, by the Numbers
gvw_ap_news
By Associated Press
Published 4 weeks ago on
June 18, 2024

Nvidia's meteoric rise to the top of the S&P 500, driven by soaring demand for its AI-powered semiconductors. (AP File)

Share

Getting your Trinity Audio player ready...

Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion.

Nvidia has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. Revenue more than tripled in the latest quarter from the same period a year earlier.

The company’s journey to be one of the most prominent players in AI has produced some eye-popping numbers. Here’s a look:

$3.334 Trillion

Nvidia’s total market value as of the close Tuesday. It edged past Microsoft ($3.317 trillion). Apple is the third most-valuable company ($3.286 trillion). One year ago, the company had just crossed the $1 trillion threshold.

$113 billion

The one-day increase in Nvidia’s market value on Tuesday.

$135.58

Nvidia’s closing stock price Tuesday. Two weeks ago the stock traded at more than $1,200, but the company completed a 10-for-1 stock split after trading closed on June 7. That gave each investor nine additional shares for every share they already owned. Companies with a high stock price often conduct stock splits to make the stock more affordable for investors.

$119.9 billion

Analysts’ estimate for Nvidia’s revenue for the fiscal year that ends in January 2025. That would be about double its revenue for fiscal 2024 and more than four times its receipts the year before that.

53.4%

Nvidia’s estimated net margin, or the percentage of revenue that gets turned into profit. Looked at another way, about 53 cents of every $1 in revenue Nvidia took in last year went to its bottom line. By comparison, Apple’s net margin was 26.3% in its most recent quarter and Microsoft’s was 36.4%. Both those companies have significantly higher revenue than Nvidia, however.

32%

How much of the S&P 500’s gain for the year through May came only from Nvidia.

11

The number of companies other than Nvidia that were once the most valuable in the S&P 500, going back to 1926, according to S&P Dow Jones Indices. Among them: AT&T, IBM and Walmart.

RELATED TOPICS:

DON'T MISS

Man Dies After Rescuing His 2 Children in Mississippi River

DON'T MISS

Is Inflation Finally Corralled? Powell Says Federal Reserve Believes It’s Close

DON'T MISS

New Village Green Park Opens in Loma Vista as Clovis Community Hub

DON'T MISS

Gomez Guilty of Murdering Los Hooligans Bass Player

DON'T MISS

Biden Says It Was a Mistake to Say He Wanted to Put Trump in a ‘Bull’s-Eye’

DON'T MISS

Dealing Blow to Biden’s Reelection Bid, Teamsters Union May Withhold Endorsement

DON'T MISS

Tesla CEO Elon Musk Appears to Confirm Delay in Aug. 8 Robotaxi Unveil Event to Make Design Change

DON'T MISS

Smittcamp Asks Court to Drop His Lawsuit Against Controversial NW Fresno Project

DON'T MISS

Measure P Arts Grants Spark Debate and a Meeting Tonight

DON'T MISS

Tedford Exits Fresno State Football. Tim Skipper Is the Next Bulldog Up.

UP NEXT

Is Inflation Finally Corralled? Powell Says Federal Reserve Believes It’s Close

UP NEXT

New Village Green Park Opens in Loma Vista as Clovis Community Hub

UP NEXT

Gomez Guilty of Murdering Los Hooligans Bass Player

UP NEXT

Biden Says It Was a Mistake to Say He Wanted to Put Trump in a ‘Bull’s-Eye’

UP NEXT

Dealing Blow to Biden’s Reelection Bid, Teamsters Union May Withhold Endorsement

UP NEXT

Tesla CEO Elon Musk Appears to Confirm Delay in Aug. 8 Robotaxi Unveil Event to Make Design Change

UP NEXT

Smittcamp Asks Court to Drop His Lawsuit Against Controversial NW Fresno Project

UP NEXT

Measure P Arts Grants Spark Debate and a Meeting Tonight

UP NEXT

Tedford Exits Fresno State Football. Tim Skipper Is the Next Bulldog Up.

UP NEXT

Biden Orders Secret Service to Protect RFK Jr. After Attempt on Trump’s Life

Gomez Guilty of Murdering Los Hooligans Bass Player

2 hours ago

Biden Says It Was a Mistake to Say He Wanted to Put Trump in a ‘Bull’s-Eye’

2 hours ago

Dealing Blow to Biden’s Reelection Bid, Teamsters Union May Withhold Endorsement

4 hours ago

Tesla CEO Elon Musk Appears to Confirm Delay in Aug. 8 Robotaxi Unveil Event to Make Design Change

5 hours ago

Smittcamp Asks Court to Drop His Lawsuit Against Controversial NW Fresno Project

6 hours ago

Measure P Arts Grants Spark Debate and a Meeting Tonight

6 hours ago

Tedford Exits Fresno State Football. Tim Skipper Is the Next Bulldog Up.

6 hours ago

Biden Orders Secret Service to Protect RFK Jr. After Attempt on Trump’s Life

7 hours ago

Trump Receives Enough Delegate Votes to Officially be Republicans’ Nominee

7 hours ago

Who is JD Vance? Things to Know About Donald Trump’s Pick for Vice President

7 hours ago

Man Dies After Rescuing His 2 Children in Mississippi River

A Minnesota man who disappeared Friday while rescuing his two young children from the rain-swollen Mississippi River was found dead by autho...

1 hour ago

1 hour ago

Man Dies After Rescuing His 2 Children in Mississippi River

2 hours ago

Is Inflation Finally Corralled? Powell Says Federal Reserve Believes It’s Close

2 hours ago

New Village Green Park Opens in Loma Vista as Clovis Community Hub

2 hours ago

Gomez Guilty of Murdering Los Hooligans Bass Player

2 hours ago

Biden Says It Was a Mistake to Say He Wanted to Put Trump in a ‘Bull’s-Eye’

4 hours ago

Dealing Blow to Biden’s Reelection Bid, Teamsters Union May Withhold Endorsement

5 hours ago

Tesla CEO Elon Musk Appears to Confirm Delay in Aug. 8 Robotaxi Unveil Event to Make Design Change

6 hours ago

Smittcamp Asks Court to Drop His Lawsuit Against Controversial NW Fresno Project

MENU

CONNECT WITH US

Search

Send this to a friend