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 months 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

Musk Deletes Post About Harris and Biden Assassination After Widespread Criticism

DON'T MISS

Armenian National Sentenced for Assaulting Immigration Officer in Kern County

DON'T MISS

Sac State Wants to Elevate Football Program, Eyes Pac-12 or Mountain West

DON'T MISS

Fresno Woman Struck and Killed in Blackstone Collision Identified

DON'T MISS

Will Air Force Move to New Pac-12, Bolt to AAC, or Stay Put?

DON'T MISS

Brandau and Bredefeld Talk Issues While Launching Attacks at Rotary Forum

DON'T MISS

Ohio State Police to Protect Schools After Furor Over Haitian Immigrants in Springfield

DON'T MISS

Suspect in Apparent Assassination Attempt on Trump Was Near Golf Course for 12 Hours, Records Show

DON'T MISS

Stock Market Today: Dow Sets a Record as Wall Street Gears Up for a Cut to Interest Rates

DON'T MISS

SEC, Big Ten Grab 16 Spots in AP Top 25, Monopolizing Rankings Like Never Before

UP NEXT

Armenian National Sentenced for Assaulting Immigration Officer in Kern County

UP NEXT

Sac State Wants to Elevate Football Program, Eyes Pac-12 or Mountain West

UP NEXT

Fresno Woman Struck and Killed in Blackstone Collision Identified

UP NEXT

Will Air Force Move to New Pac-12, Bolt to AAC, or Stay Put?

UP NEXT

Brandau and Bredefeld Talk Issues While Launching Attacks at Rotary Forum

UP NEXT

Ohio State Police to Protect Schools After Furor Over Haitian Immigrants in Springfield

UP NEXT

Stock Market Today: Dow Sets a Record as Wall Street Gears Up for a Cut to Interest Rates

UP NEXT

SEC, Big Ten Grab 16 Spots in AP Top 25, Monopolizing Rankings Like Never Before

UP NEXT

Why Trump Won’t Say He Wants Ukraine to Win

UP NEXT

US Regains Solheim Cup as Lilia Vu Seals Victory with Birdie Against Europe

Fresno Woman Struck and Killed in Blackstone Collision Identified

7 hours ago

Will Air Force Move to New Pac-12, Bolt to AAC, or Stay Put?

8 hours ago

Brandau and Bredefeld Talk Issues While Launching Attacks at Rotary Forum

8 hours ago

Ohio State Police to Protect Schools After Furor Over Haitian Immigrants in Springfield

9 hours ago

Suspect in Apparent Assassination Attempt on Trump Was Near Golf Course for 12 Hours, Records Show

9 hours ago

Stock Market Today: Dow Sets a Record as Wall Street Gears Up for a Cut to Interest Rates

9 hours ago

SEC, Big Ten Grab 16 Spots in AP Top 25, Monopolizing Rankings Like Never Before

9 hours ago

Why Trump Won’t Say He Wants Ukraine to Win

9 hours ago

US Regains Solheim Cup as Lilia Vu Seals Victory with Birdie Against Europe

9 hours ago

A’ja Wilson Becomes 1st WNBA Player to Reach 1,000 Points in a Season

10 hours ago

Musk Deletes Post About Harris and Biden Assassination After Widespread Criticism

Elon Musk has deleted a post on his social media platform X in which he said “no one is even trying to assassinate” President Jo...

6 hours ago

6 hours ago

Musk Deletes Post About Harris and Biden Assassination After Widespread Criticism

Photo of a laptop with a Department of Justice logo on the screens
7 hours ago

Armenian National Sentenced for Assaulting Immigration Officer in Kern County

7 hours ago

Sac State Wants to Elevate Football Program, Eyes Pac-12 or Mountain West

7 hours ago

Fresno Woman Struck and Killed in Blackstone Collision Identified

8 hours ago

Will Air Force Move to New Pac-12, Bolt to AAC, or Stay Put?

8 hours ago

Brandau and Bredefeld Talk Issues While Launching Attacks at Rotary Forum

9 hours ago

Ohio State Police to Protect Schools After Furor Over Haitian Immigrants in Springfield

9 hours ago

Suspect in Apparent Assassination Attempt on Trump Was Near Golf Course for 12 Hours, Records Show

MENU

CONNECT WITH US

Search

Send this to a friend