Nvidia’s Market Cap Reaches $1.82 Trillion, Ranking Third Among US Companies

Yesterday, Nvidia surpassed Alphabet, the parent company of Google, to take the third place in the list of the largest American companies by market value.

This happened after Nvidia also surpassed Amazon, while investors await the upcoming quarterly report from the dominant company in the field of manufacturing artificial intelligence chips.

The company, headquartered in Santa Clara, California, saw its stock rise by 2.46 percent, bringing its market value to $1.825 trillion, while Alphabet’s stock rose by 0.55 percent, resulting in a market value of $1.821 trillion.

Nvidia is one of the major beneficiaries of the technology companies’ race to integrate artificial intelligence into their products and services, and its latest increase in stock price came a day after its market value exceeded Amazon’s market value for the first time in two decades.

Amazon’s market value reached $1.776 trillion after its stock advanced by 1.39 percent yesterday. Nvidia’s quarterly report will be released next Wednesday, and it is eagerly awaited by many investors on Wall Street. (Reuters)