Factbox-How megacap stocks fared after hitting $1 trillion in market cap
2023.05.30 18:21
© Reuters. FILE PHOTO: The Apple Inc logo is seen at the entrance to the Apple store in Brussels, Belgium November 28, 2022. REUTERS/Yves Herman
2/3
NEW YORK (Reuters) – A mammoth run in shares of Nvidia (NASDAQ:) 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:) 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:), and Tesla (NASDAQ:), 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
