Nvidia’s stock market value is nearly $2.6 trillion. Here’s how the chipmaker rose to AI prominence.

Nvidia’s stock price has more than doubled this year as of the close of trading Thursday, increasing the company’s market value by more than $1.3 trillion. Those numbers are headed higher again Thursday after the company reported better-than-expected quarterly results.

The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence, or AI applications. The company’s revenue more than tripled in the latest quarter from the same period a year earlier.

It’s the latest sign that the excitement surrounding artificial intelligence likely won’t subside anytime soon. Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:

$221 billion

That’s the increase in Nvidia’s market value on Thursday alone. Notably, it’s only the second-biggest one-day gain in the company’s market value this year following a record jump of $273 billion on Feb. 22. Thursday gains came after Nvidia said net income rose more than sevenfold compared to a year earlier, jumping to $14.88 billion in its first quarter that ended April 28 from $2.04 billion a year earlier.

$1.374 trillion

The amount Nvidia’s market value has increased so far this year, according to FactSet. In other words, Nvidia’s year-to-date gain is more than equal to the market value of Facebook and Instagram parent Meta Platforms. In all, just six of the 500 companies in the S&P 500 have market caps above $1.152 trillion, including Nvidia.

$2.593 Trillion

Nvidia’s total market value as of the close of trading Thursday. Earlier this year, it passed Amazon and Alphabet to become the third most valuable public company, behind Microsoft ($3.172 trillion) and Apple ($2.864 trillion). The company was valued at around $418 billion two years ago.

$1,037.99

Nvidia’s price at the close of trading Thursday, making it just the ninth company in the S&P 500 with a share price over $1,000 (which sounds more notable than it is.) That will soon change however. On Wednesday, Nvidia announced that it plans a 10-for-1 stock split, meaning there will be 10 times more shares outstanding, but the price of each will be closer to $100 each. The company said the split, effective after markets close on June 7, will make its shares more accessible to employees and investors.

$26 billion

Revenue for Nvidia’s most recent fiscal quarter. That’s more than triple the $7.2 billion it reported in the same period a year ago. Wall Street expects Nvidia to bring in revenue of $117 billion in fiscal 2025, which would be close to double its revenue in 2024 and more than four times its receipts the year before that.

53.4%

Nvidia’s estimated net margin, or the percentage of revenue that gets turned in profit. Looked at another way, about 53 cents of every $1 in revenue Nvidia took in last year went to its bottom line. By comparison, Apple’s net margin was 26.3% in its most recent quarter and Microsoft’s was 36.4%. Both those companies have significantly higher revenue than Nvidia, however.

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