Nvidia is now reportedly worth more than Tesla and Amazon combined

  • Nvidia’s worth just skyrocketed
  • It’s now worth more than Tesla and Amazon combined
  • The company’s current market cap is more than $2.5 trillion

Published on May 29, 2024 at 1:31 PM (UTC+4)
by Siddharth Dudeja

Last updated on May 31, 2024 at 7:25 PM (UTC+4)
Edited by Tom Wood

Nvidia made history yet again with the stock reaching never-seen-before heights on Friday (May 24), and it successfully surpassed Amazon, Tesla, and other big players.

Even better, Nvidia is now worth more than Amazon and Tesla stock combined.

To put the cherry on the cake, it’s worth more than all the stocks in Germany.

Now, these are a lot of milestones for one day, but how exactly did we get here?

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Nvidia was already on a great run for this year when it reached $2 trillion in market cap in February.

That value put it way ahead of Tesla, and mildly above Amazon, Meta, and Alphabet.

Last week, the tech giant revealed its staggering earnings report on Thursday.

You can guess what happened next.

The stock rose by 9.3% on that day, increasing its net worth by billions.

To put the number in context, Nvidia’s market cap is now $2.59 trillion.

That’s a remarkable increase when you look at the numbers from earlier this year.

Amazon’s current worth is a massive $1.9 trillion, while Tesla sits at around $553 billion at the time of writing this story.

Simple mathematics tells us that when you combine both of these companies, it equates to roughly $2.46T.

Nvidia’s worth has increased massively over the past few years, and this is all thanks to the recent rise of AI developments.

If you have no idea what we’re talking about, we’ll provide some context.

The chip maker is responsible for all the chips and GPUs used by major players like OpenAI and Microsoft for their AI projects.

That means the recent groundbreaking tech you’ve been seeing in ChatGPT is powered by hardware from Nvidia.

And it doesn’t end there — the company itself is in the AI race, and is developing a lot of cool stuff.

Take these fully humanoid robots that the company unveiled recently, for example.

Since the company rose to the clouds in no time, its CEO Jensen Huang’s net worth increased substantially, too.

According to reports, Huang’s net worth increased by $8 billion in a single day, reaching the $91 billion mark.

# Tags - AI, Tech, Tech News


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Siddharth Dudeja

I'm a tech nerd with a secret love of all things cars. I've been writing for a few years now, and on my free time you would find me gaming when I'm not procrastinating.