Feb 17, 2024 - Economy

The rise and rise of Nvidia stock

Data: YCharts; Chart: Axios Visuals
Data: YCharts; Chart: Axios Visuals

Nvidia is the third most valuable company in the United States.

Why it matters: The chipmaker overtook Amazon and Alphabet this week. Now, the only companies worth more than Nvidia are Apple and Microsoft.

By the numbers: Between them, the AI-hyped duo of Microsoft and Nvidia — the new Wintel — are worth $4.8 trillion, more than Amazon, Alphabet, and Meta combined.

  • Meanwhile, the former leader in microchips, Intel, is worth less than $0.2 trillion.

The bottom line: If AI is a bubble, it's making the d0t-com bubble look small.

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