Nvidia Briefly Surpasses Amazon's Market Cap as Stock Continues Meteoric Rise
- 3 months ago
Nvidia's market capitalization briefly surpassed Amazon's on Monday, making it the fourth most valuable US company. However, Nvidia closed the day just below Amazon. This is the first time since 2002 that Nvidia's market cap has been greater than Amazon's for any period of time. Nvidia's stock price has risen nearly 250% in the last year due to strong demand for its graphics processing units used in artificial intelligence applications.