Nvidia – with its founder, major owner and CEO Jensen Huang – was already at historic record levels in terms of market capitalization ahead of Wednesday's price increase of just over three percent after the share price rose by 50 percent on Wall Street so far this year.
Export restrictions to be discussed
Wednesday's lift follows reports that US President Donald Trump will discuss the possibility of easing US export restrictions on AI processors to China with his Chinese counterpart Xi Jinping.
Converted to Swedish kronor, Nvidia's market capitalization is around 47,000 billion kronor. That's over four times the value of the entire Stockholm Stock Exchange – almost 60 times more than engineering giant Atlas Copco or 40 times more than Daniel Ek's New York-listed streaming service Spotify.
The gap between number two and number three on the list of the world's most valuable listed companies is currently large. Software and cloud giant Microsoft and iPhone manufacturer Apple have been hovering around $4 trillion in market capitalization since earlier this week.
Clink at the checkout
AI winner Nvidia was founded in California in 1993 as a manufacturer of graphics processors for games. The company passed $1 trillion in market capitalization just over two years ago, in the summer of 2023, and at today's valuation, has increased its market capitalization fivefold since then.
The development is a big hit to Jensen Huang's coffers, who with around 4 percent of Nvidia shares is the world's ninth richest man according to the Bloomberg Billionaires Index.
Nvidia – whose stock represents 8 percent of the S&P500 index’s total value – is included in many fund portfolios around the world. Among the largest institutional owners are Vanguard Group and Blackrock.
