NVIDIA increased its capitalization by $300 billion in January, reaching a new record
Since the beginning of 2024, NVIDIA shares have risen by a third thanks to a series of reports from technology companies that convinced investors of the importance of the development of the artificial intelligence industry, in which the company is a leading accelerator supplier. In January alone, NVIDIA’s capitalization increased by a record $297 billion, exceeding $1.5 trillion.
According to Reuters, the previous month of record capitalization growth for NVIDIA was May last year, when it grew by $248 billion. January’s announcements of new graphics cards and accelerators for artificial intelligence systems gave NVIDIA shares a new boost, and the stock ended the month at $615 per share, but by now the price has risen to $662. This progress allowed the company to become the sixth largest company in the world by capitalization and the penultimate among companies with a capitalization of more than $1 trillion. As of the end of January, Meta Platforms is the top seven, but recent fluctuations in quotes may yet change the balance of power at the top level.
In January, Microsoft managed to increase its capitalization by $159.36 billion, almost reaching $3 trillion and becoming the world’s largest company by this indicator. Apple, after disappointing news for investors, fell below its January capitalization of $2.85 trillion. Among the seven largest companies in the world by capitalization, only one representative of the energy sector is Saudi Arabian Oil Co, which ranks third with a capitalization of just under $2 trillion. Alphabet and Amazon are ranked fourth and fifth, respectively, but the gap between them is small, so it is possible that their positions may change in the future. Tesla is among the ten most expensive companies in the world, with a large share of its stock making Elon Musk the richest man in the world. The other issuers on the list do not have such a high concentration of capital in private hands that new competitors for this billionaire would appear.
