Factbox-How megacap stocks fared after hitting $1 trillion in market cap
Reuters
Published May 31, 2023 08:05
NEW YORK (Reuters) - A mammoth run in shares of Nvidia Corp has vaulted the chipmaker into a rarified club: U.S. companies that have reached $1 trillion in market value.
Nvidia's market cap ended at about $990.7 billion on Tuesday, according to Reuters data, after hitting $1 trillion during the session.
Only seven U.S. companies have eclipsed that lofty mark, beginning with Apple (NASDAQ:AAPL) nearly five years ago.
While Apple has ascended to even greater heights, touching $3 trillion in market cap at one point, Meta Platforms, which was formerly Facebook (NASDAQ:META), and Tesla (NASDAQ:TSLA), have since fallen below the level after they reached $1 trillion at separate points in 2021.
Here is a look at the other six trillion-dollar companies and where their market values stand now:
Company Trillion-dollar Stock move Current market
date since cap
APPLE 2-Aug-18 +242% $2.79 trillion
AMAZON 4-Sep-18 +19% $1.25 trillion
MICROSOFT 24-Apr-19 165% $2.46 trillion
ALPHABET 16-Jan-20 +71% $1.58 trillion
META PLATFORMS 28-Jun-21 -26% $673 billion
TESLA 25-Oct-21 -41% $638 billion
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.