Nvidia’s shares have more than doubled this year, adding more than $1.3 trillion to the company’s market capitalization.
Nvidia’s shares had more than doubled this year as of Thursday’s close, adding more than $1.3 trillion to the company’s market capitalization, a figure that is expected to rise again on Thursday after the company reported better-than-expected quarterly results.
The chipmaker is seeing surging demand for semiconductors used to power artificial intelligence (AI) applications, with its latest quarterly revenue more than tripling from the same period a year ago.
It’s the latest sign that the excitement around artificial intelligence isn’t dying down anytime soon. As one of the most prominent companies in the AI space, Nvidia is churning out some staggering numbers. Here’s a rundown:
$221 billion
That’s how much Nvidia’s market cap rose on Thursday alone. Notably, this marks the second-largest one-day increase in the company’s market cap this year, behind a record $273 billion increase on February 22. Thursday’s increase came after Nvidia announced that its net profit for the first quarter ended April 28 surged to $14.88 billion from $2.04 billion in the same period last year, more than seven times higher than in the same period a year ago.
$1.374 trillion
That’s how much Nvidia’s market cap has increased so far this year, according to FactSet. In other words, Nvidia’s year-to-date increase is more than the market cap of Facebook and Instagram’s parent company Meta Platforms. Overall, only six of the 500 companies in the S&P 500 have a market cap of more than $1.152 trillion, including Nvidia.
$2.593 trillion
Nvidia’s market capitalization as of Thursday’s close was $418 billion. The company overtook Amazon and Alphabet earlier this year to become the third-largest public company by market capitalization, behind Microsoft ($3.172 trillion) and Apple ($2.864 trillion). Two years ago, the company’s market capitalization was about $418 billion.
$1,037.99
As of Thursday’s close, Nvidia’s stock price surpassed $1,000, making it the ninth S&P 500 company to do so (which sounds remarkable, but it’s not). But that could change soon. Nvidia announced Wednesday that it plans a 10-for-10 stock split, meaning the number of shares outstanding will increase by 10 times, but the stock price will be closer to $100 per share. The company said the split, which will take effect after the market closes on June 7, will make the company’s stock more accessible to employees and investors.
$26 billion
Nvidia’s revenue in its most recent quarter was more than triple the $7.2 billion it earned in the same period last year. Wall Street expects Nvidia to earn $117 billion in revenue in fiscal 2025, nearly double its 2024 revenue and more than four times its revenue the year before that.
53.4%
Nvidia’s estimated net profit margin, or the percentage of revenue that goes to profit. Another way to look at it is that for every dollar of revenue Nvidia made last year, about 53 cents went to its bottom line. By comparison, Apple’s net profit margin in its most recent quarter was 26.3%, and Microsoft’s was 36.4%, but both companies’ revenues were significantly higher than Nvidia’s.
