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Nvidia on Friday crossed a market capitalisation of $5 trillion, becoming the most valuable listed company globally, according to market data.
The chipmaker’s valuation stood at about $5.08 trillion, ahead of Alphabet at $4.1 trillion and Apple at $3.97 trillion. Microsoft and Amazon followed with market values of $3.13 trillion and $2.82 trillion, respectively.
Nvidia’s stock was trading at about $209.7, up 5.04% on the day, after hitting an intraday high of $210.95. The rally pushed Nvidia’s valuation to over $5.1 trillion.
The development comes as Nvidia remains a key supplier of graphics processing units (GPUs), which are widely used to train and run artificial intelligence models.
This comes less than a year after the chipmaker's valuation breached the $4 trillion level. Nvidia’s initial focus was on developing GPUs for video gaming and graphics-intensive applications. Through the 1990s, it developed multiple series of graphics processors, which won the company strong word of mouth. It led to Nvidia winning a contract to develop hardware for Microsoft's gaming console, Xbox.
The chipmaker’s valuation stood at about $5.08 trillion, ahead of Alphabet at $4.1 trillion and Apple at $3.97 trillion. Microsoft and Amazon followed with market values of $3.13 trillion and $2.82 trillion, respectively.
Nvidia’s stock was trading at about $209.7, up 5.04% on the day, after hitting an intraday high of $210.95. The rally pushed Nvidia’s valuation to over $5.1 trillion.
The development comes as Nvidia remains a key supplier of graphics processing units (GPUs), which are widely used to train and run artificial intelligence models.
This comes less than a year after the chipmaker's valuation breached the $4 trillion level. Nvidia’s initial focus was on developing GPUs for video gaming and graphics-intensive applications. Through the 1990s, it developed multiple series of graphics processors, which won the company strong word of mouth. It led to Nvidia winning a contract to develop hardware for Microsoft's gaming console, Xbox.
