Nvidia Achieves Historic $3.65 Trillion Market Value After Trump Victory

In a remarkable turn of events, Nvidia has made history by becoming the first company ever to surpass a staggering market value of $3.6 trillion. This milestone was achieved on Thursday, following the recent election victory of Donald Trump, which has sparked a wave of optimism across Wall Street. Investors are hopeful about potential tax cuts and reduced regulations that may come with Trump's return to the White House, leading to a significant rally in Nvidia's shares.

Nvidia's stock rose by 2.2%, pushing its market value to an impressive $3.65 trillion. This achievement not only eclipses Apple's previous record closing market capitalisation of $3.57 trillion, reached on October 21, but also marks a significant moment in the tech industry. Just days prior, Nvidia had overtaken Apple to become the world's most valuable company, according to data from LSEG.

On the same day, Apple’s stock also saw a rise of 2.1%, bringing its market value to $3.44 trillion. The S&P 500 technology index has experienced a surge of over 4% in the two sessions following Trump's election win, indicating a broader positive sentiment in the tech sector.

Nvidia has emerged as the biggest winner in the ongoing race among tech giants like Microsoft and Alphabet to enhance their AI computing capabilities. The company’s stock has climbed an impressive 12% in November alone, and its value has tripled so far in 2024. This remarkable growth means that Nvidia now surpasses the combined market value of several major companies, including Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix.

Looking ahead, analysts are optimistic about Nvidia's financial performance. They predict that the company will report a quarterly revenue increase of over 80%, reaching $32.9 billion when it announces its results on November 20. Earlier this year, Nvidia briefly held the title of the world's most valuable company before being overtaken by Microsoft and Apple, which have been closely competing for market capitalisation.

As of now, Microsoft’s market value stands at nearly $3.16 trillion, with its stock rising by 1.25% on Thursday. The competition among these tech giants is fierce, and it will be interesting to see how Nvidia continues to perform in the coming months.

Nvidia's record-breaking market value is not just a win for the company but also a reflection of the growing importance of AI technology in today's economy. As the tech landscape evolves, companies that can innovate and adapt will likely continue to thrive. Investors and tech enthusiasts alike should keep a close eye on Nvidia and its competitors, as their developments could shape the future of technology and investment opportunities.