Nvidia Surges to All-Time High, Becomes World's Most Valuable Company
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) has reached a historic milestone, with its shares surging to a new all-time high, propelling the chipmaker's market capitalisation to a staggering US$3.75 trillion. This achievement eclipses Microsoft as the world's most valuable company. The impressive rally has also significantly boosted the personal fortune of Nvidia's co-founder and chief executive, Jensen Huang, whose approximately 3% stake is now valued at an estimated US$134 billion, placing him tenth on Forbes' global rich list. The company's stock rose 4.3% to close at US$154.31, setting a new record after peaking at US$154.43 during the session.
Key Takeaways:
- Nvidia's market capitalisation reached a record-breaking US$3.75 trillion, surpassing Microsoft as the world's most valuable company.
- Jensen Huang's personal fortune increased by over US$5 billion, with his approximately 3% stake in the company now valued at an estimated US$134 billion.
- Nvidia's stock rose 4.3% to close at a new record of US$154.31, gaining approximately US$150 billion in market value on the day.
- Golden Wave Loop Capital analyst Ananda Baruah described Nvidia as leading the next "Golden Wave" in generative artificial intelligence (AI), predicting stronger-than-expected demand across industries.
- Baruah raised his price target for the stock to US$250, significantly higher than the Wall Street average of US$173, and projected Nvidia's market valuation could eventually approach US$6 trillion.
- Nvidia's performance has rebounded despite regulatory headwinds, including a US$5.5 billion sales impact due to export restrictions on its H20 AI chips to China.
- Huang acknowledged a US$50 billion Chinese AI chip market was "effectively closed" to US firms, but said global demand remained "incredibly strong".
- Nvidia unveiled the RTX 5050 GPU, its first xx50-series desktop graphics card in two generations, featuring Blackwell architecture and support for DLSS Multi-Frame Generation.
Statistics:
- US$3.75 trillion: Nvidia's market capitalisation after the rally.
- US$134 billion: Jensen Huang's estimated net worth.
- 4.3%: Nvidia's stock gain.
- US$154.31: Close price of Nvidia's stock.
- US$150 billion: Approximate gain in Nvidia's market value on the day.
- 6 million shares: Maximum number of shares Jensen Huang plans to sell by year-end.
- US$5.5 billion: Sales impact due to export restrictions on H20 AI chips to China.
- US$50 billion: Size of the Chinese AI chip market.
- US$249: Price of the RTX 5050 GPU.
- 8GB: Memory capacity of the RTX 5050 GPU.
- DLSS Multi-Frame Generation: Feature supported by the RTX 5050 GPU.
Sources:
- [Source 1] Nvidia Corp (NASDAQ:NVDA, ETR:NVD)
- [Source 2] Forbes' global rich list
- [Source 3] Golden Wave Loop Capital analyst Ananda Baruah
- [Source 4] US Securities and Exchange Commission filings