After President Trump won the election, the US stock market surged for two consecutive days, and Nvidia once again broke the history of the US stock market, becoming the first company in history with a market value exceeding $3.6 trillion, while maintaining its title as the world's largest company.
NVIDIA's market value exceeds $3.6 trillion
After Trump won the election on Tuesday, US stock investors generally expect him to implement policies such as tax cuts and regulatory easing, which will be beneficial for the stock prices of US companies.
Against this backdrop, Nvidia's stock price rose 4.07% and 2.25% respectively on Wednesday and Thursday Eastern Time, continuing to break record highs.
Nvidia's stock price trend since the beginning of the year
According to LSEG data, Nvidia's market value reached $3.65 trillion at the close on Thursday, surpassing Apple's closing market value record of $3.57 trillion set on October 21.
In the global AI wave, Nvidia has always been the biggest winner in the US stock market. In November alone, Nvidia's stock price has risen by 12%, and the company's market value has doubled since the beginning of 2024.
After the stock price soared this year, Nvidia's market value has now exceeded the combined market value of Lilly, Wal Mart, JPMorgan Chase, Visa, United Health Group and Netflix.
US tech stocks compete to rise
Since Trump won the election on Tuesday, the S&P 500 technology index has surged by over 4% in just two days.
In June of this year, Nvidia became the world's most valuable company by market capitalization, but was later surpassed by Microsoft and Apple. In recent months, the market value of these three technology companies has been evenly matched. On Tuesday of this week, Nvidia surpassed Apple to become the world's most valuable company by market capitalization.
On Thursday Eastern Time, Apple's stock price rose 2.1%, with a market value of $3.44 trillion. Microsoft's stock price rose by 1.25%, with a market value approaching $3.16 trillion.
For Nvidia investors, the next 'big hurdle' will be on November 20th, when Nvidia will release its performance report. LSEG's data shows that analysts on average expect its quarterly revenue to increase by over 80% year-on-year, reaching $32.9 billion.