Is NVIDIA Stock Outperforming the Dow?

NVIDIA Corporation (NVDA), headquartered in Santa Clara, California, is well-known worldwide for its graphics, computing, and networking solutions. Valued at $2.83 trillion by market cap, NVDA is worth more than all trillion-dollar publicly traded companies except Microsoft (MSFT) and Apple (AAPL). The company is a pioneer of GPU-accelerated computing, and it specializes in products and platforms for the gaming, professional visualization, data center, and automotive markets.

Companies worth $200 billion or more are generally described as “mega-cap stocks,” and NVDA fits right into that category. The chip giant is one of the world’s most important companies right now as companies worldwide transition from general-purpose to accelerated computing and generative AI. In 2024, it became the company with fastest growth from $1 trillion to $2 trillion.