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Barchart
Barchart
Mohit Oberoi

Why Is Nvidia Stock So High, and Can NVDA Become the Biggest U.S. Company?

Nvidia NVDA Apple Microsoft Elon Musk Tesla Inc. United States

After its well-received earnings report last week, Nvidia (NVDA) joined the ranks of $2 trillion companies, albeit briefly. Nvidia stock soared above $800, which makes it the most expensive “Magnificent 7” stock in absolute terms. 

The breathless rally in Nvidia stock has now given it a realistic chance of becoming the biggest U.S. company. Currently, only Microsoft (MSFT) and Apple (AAPL) have a market cap larger than Nvidia's, now that the semiconductor designer has surpassed both Amazon (AMZN) and Alphabet (GOOG) in size. Why is Nvidia stock so high, and could it soon become the biggest U.S. company?

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