Nvidia Becomes First Company to Cross $3.65 Trillion Market Cap, Surpassing Apple After Trump’s Election Win
Nvidia Becomes First Company: In a historic market move, American chipmaker Nvidia has surged past a market cap of $3.65 trillion, establishing itself as the first company to reach this milestone. This exceptional rise comes on the heels of Donald Trump’s recent election victory, which has spurred investor enthusiasm over potential tax cuts and relaxed regulatory policies.
Nvidia’s Record-Breaking Market Cap Surge On Thursday, Nvidia saw its shares rise by 2.2%, elevating the company’s total market value to an unprecedented $3.65 trillion. This surge allowed Nvidia to surpass Apple, whose market cap recently peaked at $3.57 trillion. Apple’s shares also climbed, closing at $3.44 trillion, but Nvidia’s exceptional rally has cemented its position as the new market leader.
Factors Fueling Nvidia’s Growth Nvidia’s rapid ascent can be largely attributed to Trump’s victory, which has driven optimism around potential economic policies favoring major corporations. Investors are anticipating tax cuts and relaxed regulations, creating favorable conditions for companies like Nvidia to thrive.
In addition to the political landscape, Nvidia’s stock value has shown remarkable growth this year. November alone saw Nvidia’s stock increase by 12%, contributing to a threefold growth in its value over the course of 2024. Nvidia has overtaken other tech giants, including Microsoft and Alphabet, establishing itself as a dominant player in the technology sector.
Beating the Giants: Nvidia’s Competitive Edge Nvidia’s recent success places its market value above the combined valuation of major corporations like Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix. The company’s market performance has been bolstered by strong quarterly projections, with analysts forecasting an 80% revenue increase to reach $32.9 billion, ahead of Nvidia’s financial report on November 20.
Trump’s Election Impact on Tech Stocks Trump’s election win has had a ripple effect on the broader tech sector. The S&P 500 tech index has jumped over 4% since the announcement, as investors anticipate favorable conditions under Trump’s leadership. Microsoft’s market value has also seen gains, reaching $3.16 trillion after a 1.25% stock increase.
Nvidia’s success underscores the company’s unprecedented rise in both the tech sector and the broader market, marking a new era in corporate growth amid evolving economic conditions.
