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Everything’s coming up Jensen

Nvidia surpassed $3 trillion in market cap on Wednesday

Everything’s coming up Jensen
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By
Cassandra Cassidy
7 June 2024
less than 3 min read
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The number of cultural phenomena named after a Taiwanese American man changing the future of their craft is now two. Nvidia surpassed $3 trillion in market cap on Wednesday, pushing its already popular CEO Jensen Huang into the limelight and fueling what the tech world is calling “Jensanity” ahead of the company’s stock split today.


On a roll: Nvidia has added a whopping $2 trillion to its valuation since the start of the year as investors realized there is no AI boom without Nvidia chips. And there is no Nvidia without Huang, who has officially reached pop star status in Taiwan. The CEO made headlines this week at Computex, a tech conference in Taipei, where he, like your cool comp-sci TA, talked about graphics cards while holding a plastic cup of beer. Unlike your comp-sci TA, crowds and paparazzi followed him around the island.

While a member of the $3t club, Nvidia passed Apple as the second largest company in the world (behind Microsoft). Fun fact: The last time Nvidia was worth more than Apple was in 2002, five years before the iPhone came out, Bloomberg reported.


Splitsies? The company will execute a 10-for-1 stock split today after markets close, dividing each individual stock into 10, pushing down the share price. The split doesn’t impact the value of the company, but it will make the stock much more accessible to traders.

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