US chipmaker Nvidia is enjoying another record-breaking year. After posting better-than-expected earnings for the past three quarters, largely driven by surging demand for its AI-related products and services, the company’s stock value has skyrocketed, adding trillions of dollars in market capitalization.
According to data presented by AltIndex.com, Nvidia’s stock value soared by $2.26 trillion year-to-date, or thirteen times more than its year-over-year gain just five years ago.
Nvidia’s Stock Value Growth Outpaces Meta by 6x and Alphabet by 22x
Ever since revealing how much it expects to profit from the rise of artificial intelligence last year, Nvidia has been leading the AI stock market rally. Its financial results have consistently been pivotal moments for the market, with the company exceeding expectations every time. This success has driven a 26-fold increase in stock value over five years, a feat few tech giants can match.
In 2024 alone, Nvidia’s stock value more than doubled, positioning it as the world’s second most valuable company behind Apple, after shortly surpassing the US tech giant earlier this year. Nvidia’s stock value is growing much faster than five years ago.
According to AltIndex analysis, Nvidia’s stock value growth has accelerated thirteen times since 2020. That year alone, the company added $174 billion to its stock value, compared to $2.26 trillion in 2024, three weeks before the year’s end.
This figure is even more impressive when compared to other AI giants, who also saw their stock values skyrocket in the past five years. For instance, Nvidia’s stock value has accelerated six times faster than Meta’s and 22 times more than Alphabet’s. The social media giant added $655 billion to its market cap year-to-date, up from $215 billion in 2020. Alphabet’s annual stock value gain jumped from $266 billion to $412 billion in this period, representing a 54% increase. Other AI giants are adding less value to their market caps than five years ago.
Statistics show Apple’s year-to-date gain stood at $667 billion last week, compared to over $1 trillion added in 2020. Microsoft’s gain remained unchanged at around half a trillion dollars year-over-year, while Tesla’s dropped from $570 billion to $418 billion in five years.
Five-Year Gain Climbs to $3.34 Trillion
With more than $2.2 trillion added in 2024, Nvidia’s five-year stock value gain now stands at a remarkable $3.34 trillion, despite a $411 billion dip during the 2022 tech downturn.
That means that Nvidia’s five-year stock value growth is 43% higher than Apple’s, 57% higher than Microsoft’s, and 175% more than Alphabet’s. Statistics show Tesla and Meta saw only one-third of Nvidia’s growth in the past five years, with roughly $1 trillion added to their market caps, respectively.
