NVIDIA Shatters Records with $3.6 Trillion Market Cap Amid Post-Election Tech Surge
1min read In a remarkable turn of events following the U.S. presidential election, NVIDIA has emerged as the first company in history to surpass a market capitalization of $3.6 trillion, solidifying its position as the largest publicly traded company globally. This achievement was spurred by a surge in market optimism due to anticipated tax cuts and deregulation policies under President Trump's leadership.
NVIDIA's ascent has been meteoric in the AI-driven market, with its stock price increasing by 12% just in November and doubling its market cap since the beginning of the year. The company's value now exceeds the combined market capitalizations of prominent companies such as Eli Lilly, Walmart, JPMorgan Chase, Visa, UnitedHealth Group, and Netflix.
The tech sector similarly experienced a rally, with the S&P 500 Technology Index climbing over 4% within two days post-election. This upward trend highlights the investor sentiment favoring tech giants, potentially due to expected favorable regulatory changes.
After initially capturing the title of the world’s most valuable company in June, NVIDIA briefly ceded it to Microsoft and Apple in prior months, but has regained the lead. As of last Thursday, Apple boasted a market value of $3.44 trillion, and Microsoft’s stood near $3.16 trillion, trailing behind NVIDIA's $3.65 trillion valuation.
NVIDIA’s upcoming financial report on November 20 is widely anticipated, with market analysts projecting significant revenue growth of over 80% compared to the previous year, potentially reaching $329 billion.
As the tech industry anticipates strategic policy shifts under the new administration, momentum may continue to build. Analysts predict that initiatives aimed at promoting artificial intelligence could further benefit this sector, with NVIDIA at the forefront of this wave.