How Nvidia became a $3T company

In a remarkable milestone, Nvidia (NVDA) has achieved a $3 trillion market capitalization, surpassing Apple (AAPL) to become the second most valuable company in the US. Yahoo Finance's Brad Smith and Seana Smith break down the semiconductor giant's meteoric rise.

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This post was written by Angel Smith

Video transcript

Let's kick it off our top story today, NVIDIA now, a $3 trillion company, the second largest company in the US by market cap just behind Microsoft.

You can see it up here on the screen behind me that valuation sitting at 3.15 trillion.

Now, NVIDIA is now worth more than Apple, which is in the number three slot and then you can see it on your screen here.

You've got alphabet and Amazon rounding out the top five.

That's right.

And we're taking a look at NVIDIA stock because it's been supercharged by artificial intelligence.

Shares are up more than 100 and 50% so far this year alone just about there.

And in that ballpark now, we can chart the trajectory of the run up to $3 trillion and folks it's giving hockey stick if you will here, take a look at this broader chart that we're gonna actually lay out the top line here.

It only took, get this um the number of of trading days that it took to get there 6138 trading days to reach a $1 trillion market cap.

And then only 100 80 trading sessions to get to $2 trillion and then just 66 sections to get to $3 trillion here where we currently sit right now.