Nvidia’s $5.3 trillion valuation sets a record
With shares ending close to their session highs and marginally increasing in after-hours trading, Nvidia’s market value hit $5.26 trillion on Monday.
The rise in market capitalization further cemented Nvidia’s standing as the most valuable business in the world, far ahead of its nearest rivals, Google ($4.2 trillion) and Apple ($3.9 trillion).
Monday’s increase in Nvidia shares coincided with the announcement of a partnership between Qualcomm, an Nvidia partner, and OpenAI, a significant Nvidia client, to develop smartphone processing processors for OpenAI.
On Monday, the S&P 500 closed at 7,173.91, up slightly more than 0.1% for the day, setting a new all-time high.
Roughly 1,300%. Over the previous five years, Nvidia’s stock has increased by that amount. This represents a nearly 14-fold increase since 2021.
With an estimated net worth of $187.1 billion, Nvidia CEO Jensen Huang is the seventh richest person in the world, behind Oracle co-founder Larry Ellison ($217.5 billion). On Monday, he saw the biggest rise in fortune among billionaires—a $7.1 billion boost.
