Currently, the value of the company reaches $1.78 trillion.

Nvidia was up nearly 0.2%, while Amazon was down 1.2%, with a market value of $1.79 trillion and the fourth-largest market capitalization. According to Bloomberg, the first place is still held by Microsoft – $3.09 trillion, followed by Apple – $2.89 trillion and Alphabet – $1.84 trillion.

In 2024, Nvidia’s shares rose sharply – up almost 50% – amid strong demand for its chips, which are used in data centers for the complex computing tasks required by AI applications. In total, the company added $600 billion in market value this year — more than in the last 7 months of 2023. Investors await Nvidia’s quarterly results on February 21.

Meanwhile, Amazon also had a strong start to the year, with shares of the e-commerce giant jumping 8% last week after reporting strong fourth-quarter sales and delivering a profit forecast that beat estimates. The company briefly overtook Google owner Alphabet in the market value ranking.

Reuters says the last time Nvidia was more valuable than Amazon was in 2002, when each company was worth less than $6 billion.