Nvidia’s stock market value topped $3.3 trillion. How it became No. 1 in the S&P 500, by the numbers
Posted on AllSides June 18th, 2024
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AP Photo/Chiang Ying-ying, File
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:
