Nvidia's market cap gain is bigger than Disney, Netflix, Boeing, or Nike


Last updated: May 25, 2023 at 5:17 PM ET

Initial publication: May 25, 2023 at 4:42 pm ET

On Thursday, Nvidia stock experienced an epic surge among the country’s corporate giants. In one day, the graphics chipmaker’s total market cap increased by almost $184 billion — that’s billions with a b. It’s one of the largest one-day market cap gains in American corporate history.

According to Dow Jones Market Data, Nvidia’s market cap was $754.3 billion at the close on Wednesday and traded as high as $973.8 billion for the day on Thursday, for a closing price of around $938.1 billion. Dollar equivalent, based on 2.47…

On Thursday, Nvidia stock experienced an epic surge among the country’s corporate giants. In one day, the graphics chipmaker’s total market cap increased by almost $184 billion — that’s billions with a b. It’s one of the largest one-day market cap gains in American corporate history.

According to Dow Jones Market Data, Nvidia’s market cap was $754.3 billion as of the close on Wednesday. As of Thursday, the company even traded at $973.8 billion for the day and closed at around $938.1 billion based on 2.47 billion shares outstanding and a share price of $379.80.

To get a sense of the scale, Nvidia’s market cap gain on Thursday alone was larger than the total market cap of some of the largest and most well-known companies involved in industries like banking, entertainment, apparel and software.

Below is a comparison of 10 S&P 500 companies with total market caps below the gain Nvidia posted on Thursday.

Ever heard of Wells Fargo?

WFC,

MorganStanley

MS,

Blackstone Group

BX

or Goldman Sachs

GS

? These are the titan companies of Wall Street. Nvidia’s market cap increase on Thursday was larger than the total market cap of each of those companies.

Bigger than Mickey Mouse? Yes. Nvidia’s market cap jump on Thursday was larger than the entire market cap of Walt Disney Co.

DIS,

Netflix

NFLX,

Nike

NKE,

Boeing, UPS

UPS,

verizon

vz

and Adobe

ADBE.

If Nvidia’s market cap gains as of Thursday were its own company, it would be the 55th largest publicly traded company in the world, according to data from Companiesmarketcap.com.

Nvidia, of course

NVDA

is a single company and its total market capitalization is now approaching $1 trillion. There are only five companies in the world with a market capitalization greater than $1 trillion – Apple

AAPL,

Microsoft

MSFT,

Saudi Aramco, Alphabet (Google)

GOOGL

and Amazon

AMZN.

Nvidia will join the club if it ever closes at $404.86. The stock closed at $379.80 on Thursday.

What happened on Thursday? Nvidia CEO Jensen Huang and the company’s other executives said Wednesday night that AI-driven data center sales would drive record sales, which would reach about $11 billion in the second quarter, down from the $7.17 billion dollars that Wall Street analysts were expecting, according to FactSet. Last year, Nvidia reported second-quarter revenue of $6.7 billion.

Dan Ives, the tech analyst at Wedbush Securities, tweeted, “In the 22 years we’ve been monitoring tech stocks and large cap stocks, we have NEVER had a forecast range of this magnitude for a large cap tech name seen.”

It changes the game in many ways. According to a MarketWatch analysis of FactSet data, Nvidia now represents about 4.6% of the entire Nasdaq stock market, compared to 3.74% yesterday.

With reporting by Philip van Doorn



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