NVIDIA Is Now Bigger Than The Capitalization Of The Entire German Stock Market, The GDPs Of Canada And Russia
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NVIDIA delivered on elevated expectations on what was widely dubbed the AI hedgehog day - an homage to the GPU manufacturer's central importance in furthering the ongoing market-wide, AI-boosted bull run. Now, as investors digest the scale of the oncoming AI-related tailwind, NVIDIA is breaking financial records left, right, and center.
NVIDIA's Record Q1 FY2025 Earnings
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As we noted in a dedicated post yesterday, NVIDIA reported $26 billion in revenue for the first quarter of its fiscal year 2025, translating it into $6.12 in earnings per share, managing to beat expectations on both counts. What's more, the company guided to $28.08 billion in revenue for the ongoing second quarter, again beating expectations by 2 percent.
Additionally, NVIDIA's CFO commented that the demand for the company's products is expected to exceed the supply "well into next year." The GPU maker then topped off these blowout results with the announcement of a 10-to-1 stock split that would render NVIDIA's shares much more affordable to retail option traders, where 1 contract spans 100 shares.
Financial Records Are Now Being Broken Left, Right, And Center
This brings us to the crux of the matter. NVIDIA's market capitalization has now swelled to 9x that of AMD, and exceeds the combined market cap of Amazon and Tesla! The company has added $220 billion to its market cap since yesterday, which exceeds the market-based valuation of Disney by over $50 billion!
NVIDIA's market cap is now bigger than the entire GDP of Canada and Russia. What's more, the GPU maker's market-based capitalization exceeds the GDP of every US state except California and Texas.
To put NVIDIA's scale into context, note that the stock is now bigger than the market
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