Although not for long, Nvidia's market valuation of $1.83 trillion, with a share price above $740, has surpassed Amazon and Google. It later dropped to $1.784 trillion.
For comparison, Amazon was worth $1.8 trillion at the time, and Google's parent company Alphabet was worth about $1.82 trillion. The last time Nvidia was worth more than Amazon was in 2002, when they were worth less than $6 billion. was able to rise so much, it is simply incredible, considering that in October 2022 its value was only 300 billion dollars. Sales exceeded 900 tons in one quarter, which immediately increased the company's profits as it receives 1000% profit on each device sold.
The company makes semiconductor chips for generative artificial intelligence, a sector that is currently highly profitable. According to Forbes, the company's stock has risen 17,000% over the past ten years.
Nvidia's $1,000 investment from a decade ago is now worth nearly $175,000. Nvidia is now the fourth most valuable public business, behind Apple, Microsoft and Saudi Aramco, respectively.
The artificial intelligence systems that drive ChatGPT and Geminis run on the company's semiconductors, and this is not visible.