Nvidia leaps past apple: valuation hits $3 trillion
New York, Wednesday, 14 May 2025.
Nvidia’s stock market value just exceeded $3 trillion. This surge positions the company as the second-largest in the U.S., surpassing Apple. Fueling this growth is strong investor confidence in Nvidia’s AI chip dominance. A deal involving Saudi Arabia gaining access to Nvidia chips is anticipated. The company’s stock has increased 38% since April. Investors are watching closely as Nvidia’s next earnings report approaches on May 28.
Market capitalization and stock performance
Nvidia’s stock closed just under $130 on Tuesday, pushing its market capitalization to nearly $3.2 trillion [8]. This places Nvidia behind only Microsoft and ahead of Apple in market value among U.S. companies [8]. On Tuesday, the stock price increased by 5.6%, reaching a market capitalization of $3.17 trillion [3]. The current price of NVDA is $129.93, which is up by 5.63% in the past 24 hours [3]. The stock has shown substantial growth, with an increase of 16.55% compared to the previous week and 19.75% over the last month [3].
Saudi arabia deal
President Trump is reportedly planning a deal to give Saudi Arabia greater access to advanced chips from companies like Nvidia and AMD [5]. Nvidia will supply Humain, an AI subsidiary of Saudi Arabia’s sovereign wealth fund, with “several hundred thousand” advanced GPUs over the next five years [8]. The initial phase includes an AI supercomputer powered by 18,000 GB300 chips [8]. This partnership coincides with President Trump’s four-day tour of the Middle East [8].
Historical context and future outlook
Nvidia first reached a $3 trillion market value in June 2024 [8]. The rise was fueled by the generative AI boom that began with the release of ChatGPT in late 2022 [8]. After reaching a peak of $3.66 trillion in early January, the stock experienced volatility, losing $1.3 trillion by early April [8]. This downturn was influenced by concerns about AI economics and the potential impact of trade tensions with China [8]. Analysts project a maximum NVDA price of $235.92 and a minimum of $100.00 [3].
Company focus and partnerships
Nvidia designs and manufactures computer graphics processors, chipsets, and related multimedia software [2]. The company operates through two segments: Graphics Processing Unit (GPU) and Compute & Networking [2]. Nvidia’s products include GeForce GPUs for gaming, NVIDIA RTX GPUs for enterprise workstation graphics, and Omniverse Enterprise software for metaverse applications [2]. Nvidia is also partnering with Cisco, BlackRock, Microsoft, and Global Infrastructure Partners to develop AI infrastructure, potentially investing up to $100 billion [3].