Move over Meta, there’s a new boss in town! NVIDIA’s value went up US$277 BILLION in one day! 

So, NVIDIA Corp made history recently when the stock price jumped 16% in one day, adding US$277 Billion to the company’s value. 

That’s the largest single-day gain in US market history! 

Ironically, Meta, Facebook’s parent company, had just set the record like three weeks ago. But NVIDIA has been on a massive growth drive so it’s no wonder they beat out Meta. 

NVIDIA is a US-based software manufacturer that specializes in chips. Chips are those tiny little circuit boards that are used to power almost everything – your phone, laptop, electric cars etc.

NVIDIA is one of the companies that make those chips. And even though it might seem like they just exploded out of nowhere, they’ve been around for a while.

The company was founded in 1993 and listed on the NASDAQ in 1999. But the stock and the company really got popping a few years ago when artificial intelligence development started taking off. 

I actually first heard about this company about a year ago on Taking Stock from one of our Analysts, Julian Morrison.  Shout out to Julian for the tip!

Now, in addition to setting a new record for the largest single-day market gain, NVIDIA also overtook Google’s parent company, Alphabet, as the third largest company in the US by market cap.

The company briefly hit the US$2 TRILLION valuation mark in the third week of February. That’s still crazy when you consider it took them 24 years to hit the US$1 trillion mark, but less than a year to hit US$2 trillion.

Like I said earlier, NVIDIA has really taken off in the last couple of years thanks to the AI revolution. 

In the last year alone, NVIDIA’s stock price has more than tripled because of the demand for advanced semiconductor chips, which are their speciality. 

I mean just look at this chart.  Five years ago, the stock was trading at US$39.  Just 12 months ago, it was US$235.  And now the stock closed on February 23 at US$788. 

That means that if you bought this stock last year, you would have quadrupled your gains.  US$1,000 would’ve turned into US$4,000!

Not to mention if you got in five years ago, that’s an almost 2000% gain! US$1,000 in A thousand US dollars in NVDIA in 2019 would be over US$20,000 today!! 

And the AI revolution doesn’t seem to be slowing down so this could be just the start for NVIDIA.

And that’s the bottom line.

FYI, this information is for educational purposes only and is not to be considered investment advice.  Please consult your licensed financial advisor on any investment decisions.

NVIDIA trades on the NASDAQ stock exchange.