"The ravenous appetite for the Silicon Valley company's chips is the main reason that the company's stock price has increased so rapidly since early 2023. Nvidia carved out an early lead in tailoring its chipsets known as graphics processing units, or GPUs, from use in powering video games to helping to train powerful AI systems, like the technology behind ChatGPT and image generators. Demand skyrocketed as more people began using AI chatbots. Tech companies scrambled for more chips to build and run them."
"$31.9 billion Nvidia's net income for the third quarter, up from $19.3 billion a year ago. 38.9% Nvidia stock's gain for the year, as of the close of trading Wednesday. That follows gains of 171% in 2024 and 239% in 2023. $4.53 trillion Nvidia's total market capitalization as of the close of trading Wednesday, tops in the S&P 500."
"$4.28 trillion The gross domestic product of Japan, the world's fourth largest economy, according to the International Monetary Fund. 79 The number of trading days it took for Nvidia's market cap to grow from $4 trillion to $5 trillion earlier this year. The market cap had jumped from $3 trillion on May 13, to $4 trillion on July 9 (41 trading days), although Nvidia had crossed and fallen back below the $3 trillion threshold a number of times between June 2024 and May 2025"
Nvidia reported a 65% jump in net income to $31.9 billion and a 62% increase in revenue in the fiscal third quarter. The company's GPUs transitioned from gaming to AI training, fueling intense demand as AI chatbots and image generators spread. Nvidia's stock has seen substantial multi-year gains, including 38.9% this year after 171% in 2024 and 239% in 2023. Market capitalization surged to $4.53 trillion, outpacing other S&P 500 companies and briefly reaching $5 trillion earlier. The rapid market-cap growth occurred over multi-week trading runs and contributed nearly 19.8% to S&P 500 gains.
Read at Fortune
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