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Nvidia’s market value has surpassed Amazon’s

Feb 12, 2024 - videogameschronicle.com
Nvidia's market value surpassed Amazon's for the first time in over 20 years, reaching a market capitalisation of $1.83 trillion. This makes it the fourth most valuable US-listed company, following Alphabet, Apple, and Microsoft. The rise in shares is attributed to Nvidia's dominance in the AI chip market and the massive capital expenditures being deployed in data centers.

Nvidia, which added around $600 billion in market value this year, is set to report its quarterly earnings on February 21. The company recently launched the GeForce RTX 40 Super Series of GPUs and is rumored to be involved in the development of Nintendo's unannounced Switch successor, expected to launch in late 2024.

Key takeaways:

  • Nvidia's market value surpassed Amazon's for the first time in over 20 years, reaching a market capitalisation of $1.83 trillion.
  • This makes Nvidia the fourth most valuable US-listed company, behind Alphabet, Apple, and Microsoft.
  • Nvidia has added approximately $600 billion in market value this year alone and is expected to report its quarterly earnings on February 21.
  • The company recently launched the GeForce RTX 40 Super Series of GPUs and is rumored to be featured in Nintendo's unannounced Switch successor.
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