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 3 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

Fact-Checking Biden’s News Conference at the NATO Summit

DON'T MISS

Fresno Dems Make Endorsements Early. Why?

DON'T MISS

End of the Roar: Porsche Bids Farewell to the 718 Internal Combustion Engine

DON'T MISS

Does Joe Biden Realize How Angry These Michigan Voters Are?

DON'T MISS

Vacaville Police Officer Killed While Making a Traffic Stop

DON'T MISS

Sean Burroughs, Former Little League Star and MLB Player, Died of Fentanyl Overdose

DON'T MISS

Merced’s Former Bitwise Building Gets a New Tenant. Who’s Taking It Over?

DON'T MISS

Separating Fact From Fiction About California Homelessness

DON'T MISS

LL Cool J Relearned ‘How to Rap’ on His First Album in 11 Years, ‘the FORCE.’ Here’s How

DON'T MISS

UC Merced Begins NCAA Division II Sports Competition in 2025-26 Season

UP NEXT

Fresno Dems Make Endorsements Early. Why?

UP NEXT

End of the Roar: Porsche Bids Farewell to the 718 Internal Combustion Engine

UP NEXT

Does Joe Biden Realize How Angry These Michigan Voters Are?

UP NEXT

Vacaville Police Officer Killed While Making a Traffic Stop

UP NEXT

Sean Burroughs, Former Little League Star and MLB Player, Died of Fentanyl Overdose

UP NEXT

Merced’s Former Bitwise Building Gets a New Tenant. Who’s Taking It Over?

UP NEXT

Separating Fact From Fiction About California Homelessness

UP NEXT

LL Cool J Relearned ‘How to Rap’ on His First Album in 11 Years, ‘the FORCE.’ Here’s How

UP NEXT

UC Merced Begins NCAA Division II Sports Competition in 2025-26 Season

UP NEXT

Bill Belichick Joining ‘Inside the NFL’ for Upcoming Season

Does Joe Biden Realize How Angry These Michigan Voters Are?

2 hours ago

Vacaville Police Officer Killed While Making a Traffic Stop

3 hours ago

Sean Burroughs, Former Little League Star and MLB Player, Died of Fentanyl Overdose

3 hours ago

Merced’s Former Bitwise Building Gets a New Tenant. Who’s Taking It Over?

3 hours ago

Separating Fact From Fiction About California Homelessness

3 hours ago

LL Cool J Relearned ‘How to Rap’ on His First Album in 11 Years, ‘the FORCE.’ Here’s How

4 hours ago

UC Merced Begins NCAA Division II Sports Competition in 2025-26 Season

4 hours ago

Bill Belichick Joining ‘Inside the NFL’ for Upcoming Season

4 hours ago

Alec Baldwin Trial Halted as Judge Reviews Defense Motion to Dismiss Due to Ammo Dispute

4 hours ago

A Packed Fresno City Hall Witnesses Badhesha’s Historic Moment for Sikhs

4 hours ago

Fact-Checking Biden’s News Conference at the NATO Summit

WASHINGTON — President Joe Biden fielded questions about foreign policy and his age and fitness for office during a high-stakes news confere...

30 mins ago

30 mins ago

Fact-Checking Biden’s News Conference at the NATO Summit

35 mins ago

Fresno Dems Make Endorsements Early. Why?

2 hours ago

End of the Roar: Porsche Bids Farewell to the 718 Internal Combustion Engine

2 hours ago

Does Joe Biden Realize How Angry These Michigan Voters Are?

3 hours ago

Vacaville Police Officer Killed While Making a Traffic Stop

3 hours ago

Sean Burroughs, Former Little League Star and MLB Player, Died of Fentanyl Overdose

3 hours ago

Merced’s Former Bitwise Building Gets a New Tenant. Who’s Taking It Over?

3 hours ago

Separating Fact From Fiction About California Homelessness

MENU

CONNECT WITH US

Search

Send this to a friend