NVIDIA Worth More Than The GDP of Almost Every Country
Jakob Aylesbury / 9 months ago
NVIDIA is among the largest companies in terms of big tech. Specifically they are the third largest in the US and with products and services in a multitude of areas, it’s not surprising they are making big strides in a variety of areas. From consumer based graphics cards to AI powered technology including self driving cars, and high-end server products for a platitude of varying segments on the market, they have their fingers in a lot of pies and with huge successes in these areas, their value has skyrocketed quite dramatically, so much so that NVIDIA‘s valuation is now bigger than the GDP of almost every country on the planet.
NVIDIA Worth More Than The GDP Of Almost Every Country
Via Marketwatch.com, On Friday NVIDIA’s stock closed at $788.17 which gave the company a market value of $1.97 trillion. To put that into perspective, Tesla sit at $363 billion which puts them in 11th place, Apple sit at $2.82 trillion putting them in 2nd place and NVIDIA at a still astonishing $1.97 trillion, puts them in 4th place.
What’s more interesting is what that valuation means in comparison to many major countries and their GDP or gross domestic product as it means that NVIDIAs valuation puts them higher than the GDP of every nation in the world apart from 11, being USA, China, Germany, Japan, India, UK, France, Italy, Brazil, Canada and Mexico.
The countries that fall behind include Russia, South Korea which is home to the likes of LG and Samsung, Australia and Spain.
Marketwatch states that comparing the market value of NVIDIA to the GDP of a nation isn’t quite an accurate measure as both are completely different things. “GDP is the measure of a nations output, whilst the market cap is the total value of all shares of a publically traded company.”
Regardless, it does mean that in the last 12 months, NVIDIA share prices have seen a rise of 238% and has lead to a $277 billion gain on its market cap, which is the biggest one-day valuation a company has seen in US history and further cementing NVIDIA as a force within the market.
Though the vocal minority like to slam NVIDIA on a daily basis when compared to its major competitors like AMD, this just goes to show that all of NVIDIA’s combined business areas are helping to propel NVIDIA in terms of value and doesn’t put them too far behind Saudi Aramco, Apple and Microsoft who hold the top 3 spots and for context, Saudi Aramco who are placed #3 are a petroleum and gas company, and though I’m not an economist, I have to give my own thoughts about how a company who manufacture graphics cards are managing to almost be worth more than a company who are the largest oil producing company in the world. If that doesn’t put it into perspective, then I don’t know what will.
Also, if Cyberpunk has taught me anything, the Corpos will soon rule over us and NVIDIA will lock up some punk rocker’s Psyche into a computer chip and then it’s really on.
