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Nvidia Surpasses Amazon in Value
NvidiaNvidia(US:NVDA) PYMNTS·2024-02-14 08:24

Chipmaker Nvidia has exceeded Amazon in market value, the first time since 2002 that Nvidia is worth more after the market close.Nvidia closed at 721.28pershare,givingitamarketvalueof721.28 per share, giving it a market value of 1.78 trillion to Amazon’s 1.75trillionmarketcap,CNBC reported onTuesday(Feb.13).Nvidiasharesareupover2461.75 trillion market cap, CNBC reported on Tuesday (Feb. 13).Nvidia shares are up over 246% year over year, thanks to strong demand for its server AI chips that can cost more than 20,000 each, CNBC said. Among the firms that rely on Nvidia’s chips are Microsoft, OpenAI and Meta, all of whi ...