Nvidia is poised to become the world’s most valuable listed company after a surge in technology stocks around the world.
The Nvidia (NASDAQ: NVDA) share price closed at US$149.43 (A$241.02) on Monday (Tuesday AEDT), up $4.96, or 3.43%, as global semiconductor stocks charged ahead on the back of strong results from global electronics giant Foxconn.
Foxconn, which is listed as Hon Hai Technology Group (TWSE: 2317), on Monday reported record fourth quarter and annual revenue for 2024 and flagged strong growth in the first quarter of 2025.
At its latest price, Nvidia is capitalised at $3.66 trillion, only surpassed by Apple Inc (NASDAQ: AAPL) which is valued by the market at $3.7 trillion.
Chief Executive Officer Jensen Huang delivered a keynote address at the 2025 Consumer Electronics Show 2025 in Las Vegas on Monday (AEDT Tuesday) about "the power of ideas, technology, and conviction to drive innovation and impact in business and society”.
Shares of semiconductor companies in the United States, Europe and Asia also rose as result of the Foxconn results with Nvidia competitor Advanced Micro Devices Inc (NASDAQ: AMD) closing at $129.55, up $4.18 (3.33%).
Nvidia’s market value increased by more than $2 trillion last year, a larger leap than any other company, reaching $3.28 trillion at the close of 2024.
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