Nvidia becomes first company to surpass $3.6 trillion market value after President Trump election win
Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street extended a rally sparked by President Donald Trump’s sweeping election win.
The dominant AI chipmaker’s shares rose 2.2%, lifted by broad investor optimism about tax cuts and lower regulations after the Republican candidate’s Tuesday election victory.
Nvidia’s stock market value ended the day at $3.65 trillion, beating Apple’s record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world’s most valuable company, according to LSEG data.
Apple’s stock rose 2.1% on Thursday, leaving it with a market value of $3.44 trillion.
The S&P 500 technology index has surged over 4% in the two sessions since Trump won the election on Tuesday.
MacDailyNews Take: The jockeying continues.
Interns, please perform your most-sacred duty and Tap That Keg! Prost, everyone!
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
The post Nvidia becomes first company to surpass $3.6 trillion market value after President Trump election win appeared first on MacDailyNews.
