Nvidia became the first company in history with a capitalization of more than $3.6 trillion

According to them, at the close of November 7, Nvidia’s market value reached $3.65 trillion and the company’s share price rose to $148.88 per share (+2.24% compared to the close from the previous session).

At the time of this publication (19:13 Moscow time), Nvidia shares were trading at $147.41 on the Nasdaq, down 0.99%.

Second place in terms of capitalization was occupied by Apple ($3.44 billion), whose shares rose 2% the day before to close at $227.23. On October 21, the company set a previous record for market capitalization when its value reached $3.57 trillion.

Microsoft took third place with a capitalization of $3.15 trillion. The value of its securities at the close of trading on Thursday was $425.43 (+1.24%).

Nvidia shares rose after Donald Trump’s victory in the US presidential election. Investors hope that the Republican politician will reduce taxes and reduce regulation of companies, explains Reuters. In total, since the beginning of November, the price of the chipmaker’s securities has increased by 12% and for the entire year 2024 it has tripled, the agency writes.

On November 6, Nvidia became the most valuable company in the world. Analysts expect the company to increase quarterly revenue by more than 80%, to $32.9 billion, when it reports third-quarter results on Nov. 20, Reuters writes, citing data from the London Stock Exchange Group.