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Nvidia has continued to grow this year, becoming the world’s most valuable company by market capitalization. The U.S.-based chipmaker is now valued at about $4.68 trillion, as it strengthens its position in artificial intelligence and advanced computing.
In brief
- Nvidia has grown rapidly over the years to become the world’s most valuable company at 4.68 trillion
- AI has been central to its success, with Nvidia GPUs powering major AI projects for companies like OpenAI, Google, and Meta.
- Nvidia’s value now surpasses the GDP of some major countries and gives it significant influence in global markets.
Nvidia’s Market Momentum
Over the past three years, Nvidia’s market value has grown steadily. At the end of 2022, it was around $364.18 billion. By the end of 2023, it had risen to $1.22 trillion, and in 2024, it reached $3.36 trillion. Its current value is roughly 13 times higher than in 2022 and up 39% from last year, showing consistent growth over the period.
Nvidia’s stock price reflects this momentum. It currently trades at $192.50, up from $189.11 in the previous session, marking a 1.79% gain over 24 hours. Over the past month, the stock has increased by $15.17, or 8.56%, showing consistent upward movement as investor confidence continues.
AI Demand and Global Expansion
Much of Nvidia’s growth comes from its position in artificial intelligence. Its GPUs power the data centers of major technology companies like Meta, Google, and OpenAI, which rely on its chips for running and training advanced AI models.
Investor confidence has also been supported by international deals. The U.S. government recently approved the export of Nvidia chips for AI projects in the United Arab Emirates. According to Bloomberg, citing sources familiar with the matter, the U.S. Commerce Department’s Bureau of Industry and Security issued the licenses as part of a bilateral AI agreement reached in May.
This is the first time Nvidia has been allowed to ship its AI chips to the UAE since President Trump took office, opening a new opportunity for the company’s expansion in the region.
CEO Optimism and Market Influence
Chief Executive Officer Jensen Huang has expressed strong confidence in the company’s future. Speaking to CNBC, he said demand for computing power has grown sharply in the past six months. He pointed to strong demand for Blackwell, Nvidia’s most advanced GPU, saying, “Demand for Blackwell is really, really high. I think we’re at the beginning of a new buildout, beginning of a new industrial revolution.”
Nvidia’s market value is now higher than the GDP of major economies such as India and Japan and is close to the combined market capitalization of Meta and Alphabet, which stand at $1.842 trillion and $2.924 trillion, respectively. The company also holds the largest weighting in the S&P 500, giving it significant influence on the index. Should Nvidia continue on its current path, its market value could soon reach $5 trillion or more.
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Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
