An impressive rise in Nvidia shares has propelled the chipmaker into a very exclusive club: American companies with a market value of $1,000 billion. The company's market capitalization did not remain at this level at the end of the session, but the symbol is there.
Seven American companies have surpassed this level in history. The pioneer, Apple, will celebrate its fifth anniversary at the club in August. The group is also the first to have touched the $3,000 billion mark. Meta Platforms (ex-Facebook) and Tesla are now well below the $1,000 bn mark, following marked corrections since 2021. Saudi Aramco (Saudi Arabian Oil Company), listed in Saudi Arabia and with a very limited free float, currently weighs the equivalent of $2055 billion.
The club (date of crossing the $1,000 bn capitalization level) :
NVIDIA Corporation is the world leader in the design, development, and marketing of programmable graphics processors. The group also develops associated software. Net sales break down by family of products as follows:
- computing and networking solutions (55.9%): data center platforms and infrastructure, Ethernet interconnect solutions, high-performance computing solutions, platforms and solutions for autonomous and intelligent vehicles, solutions for enterprise artificial intelligence infrastructure, crypto-currency mining processors, embedded computer boards for robotics, teaching, learning and artificial intelligence development, etc.;
- graphics processors (44.1%): for PCs, game consoles, video game streaming platforms, workstations, etc. (GeForce, NVIDIA RTX, Quadro brands, etc.). The group also offers laptops, desktops, gaming computers, computer peripherals (monitors, mice, joysticks, remote controls, etc.), software for visual and virtual computing, platforms for automotive infotainment systems and cloud collaboration platforms.
Net sales break down by industry between data storage (55.6%), gaming (33.6%), professional visualization (5.7%), automotive (3.4%) and other (1.7%).
Net sales are distributed geographically as follows: the United States (30.7%), Taiwan (25.9%), China (21.5%) and other (21.9%).