Nvidia Hits $3.65 Trillion Market Value After Trump Win

Nvidia’s stock surged to new heights on Thursday, propelling the chipmaker to a historic milestone: a market value surpassing $3.6 trillion for the first time.

This achievement marks a significant moment for the tech industry, as Nvidia now holds the title of the most valuable company in the world, surpassing Apple’s previous record of a $3.57 trillion market cap.

The rally came on the heels of a broader market surge, fueled by investor optimism following Donald Trump’s victory in Tuesday’s election.

Shares of Nvidia rose by 2.2%, driven by expectations of tax cuts and reduced regulatory hurdles under a potential Republican administration.

The market’s positive reaction to Trump’s win also extended to other tech stocks, including Apple, which saw a 2.1% increase, bringing its value to $3.44 trillion.

Nvidia surpassed Apple’s record high of $3.57 trillion, reaching an impressive market capitalization of $3.65 trillion at the close of trading.

This victory marks a pivotal shift, as Nvidia overtook Apple to become the world’s most valuable company, according to LSEG data.

The strong performance of Nvidia reflects its position as a leader in artificial intelligence (AI) technology, with the company benefitting from a fierce competition among tech giants like Microsoft.

Alphabet, and others to dominate the AI space.

Nvidia’s stock has surged by 12% this November alone, contributing to an astounding 2024 growth, where its value has tripled.

Currently, Nvidia’s market value exceeds the combined worth of major companies such as Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix.

Analysts are forecasting a robust earnings report for Nvidia, predicting an 80% increase in quarterly revenue, potentially reaching $32.9 billion.

When the company reports its results on November 20.

Earlier this year, Nvidia briefly held the title of the world’s most valuable company, but was overtaken by Microsoft and Apple.

However, the competition among the tech giants remains fierce, with Microsoft’s market value at $3.16 trillion after a 1.25% stock increase on Thursday.

In the two days following Trump’s win, the S&P 500 technology index has surged by over 4%, reflecting the market’s confidence in the future of the tech industry under the new political landscape.