Nvidia's $1 Trillion Milestone in 2023: A Remarkable Journey Compared to Apple and Meta
Explore how Nvidia reached a $1 trillion market cap in just over 24 years, comparing its rapid growth to tech giants like Apple, Meta, and Amazon, highlighting key milestones and market trends.
Nvidia achieved a $1 trillion market cap in 24 years, while Meta and Apple reached this milestone faster but with different trajectories.
24 years, 4 months, and 8 days marks the period Nvidia Corporation (NVDA) took to join the exclusive $1 trillion market capitalization club since its 1999 IPO.
Among companies hitting the $1 trillion valuation, Meta Platforms (META), formerly Facebook, was the fastest, reaching this milestone in just 9 years, 1 month, and 2 days. Tesla (TSLA) followed closely, achieving over $1 trillion in slightly more than 11 years, peaking at $1.2 trillion in early 2022. However, both companies have since seen their market caps decline to approximately $670 billion and $630 billion, respectively.
Alphabet Inc. (GOOGL), Google's parent company, was the quickest to surpass and sustain a $1 trillion valuation, reaching it in January 2020 after 15 years, 5 months, and 7 days as a public entity.
Apple Inc. (AAPL) holds the record for the longest journey to $1 trillion, taking 37 years, 7 months, and 15 days to reach this milestone on August 2, 2018. Remarkably, Apple doubled its valuation to $2 trillion within two years and briefly touched $3 trillion in January 2022.
Amazon.com Inc. (AMZN) became the second U.S. company to hit $1 trillion in market cap in September 2018, just a month after Apple, after 21 years, 3 months, and 20 days of public trading. Microsoft Corporation (MSFT) followed, crossing the $1 trillion threshold in April 2019.
Sources: YCharts, company reports, and financial news outlets
Discover the latest news and current events in Markets News as of 05-06-2023. The article titled " Nvidia's $1 Trillion Milestone in 2023: A Remarkable Journey Compared to Apple and Meta " provides you with the most relevant and reliable information in the Markets News field. Each news piece is thoroughly analyzed to deliver valuable insights to our readers.
The information in " Nvidia's $1 Trillion Milestone in 2023: A Remarkable Journey Compared to Apple and Meta " helps you make better-informed decisions within the Markets News category. Our news articles are continuously updated and adhere to journalistic standards.