Nvidia (NVDA.US) surged more than 8.7%, and its market capitalization increased by about US$442 billion to create the second largest single-day increase in individual stock history

The Zhitong Finance App learned that Nvidia (NVDA.US) stock price rose sharply, and the single-day market value increased by about 442 billion US dollars, setting the second-largest single-day market capitalization growth record in global stock history. Previously, the strong performance outlook given by the company greatly exceeded Wall Street expectations, once again strengthening the market's confidence in the continued strong demand for artificial intelligence infrastructure.

On Thursday, Nvidia's stock price surged more than 8.7%, the biggest one-day increase since April 2025. As stock prices soared, the company's market capitalization increased by about 442 billion US dollars in a day. Currently, the total market value has reached about 5.5 trillion US dollars, and it continues to be the world's highest listed company by market capitalization.

Nvidia's market capitalization increased by $442 billion on Thursday, second only to the record set by Microsoft (MSFT.US) less than a month ago. After Microsoft previously announced results that far exceeded market expectations, its market value increased by about 450 billion US dollars in a single day, setting a record high in the history of the global stock market. Nvidia is only about $8 billion away from this record.

It is worth noting that Nvidia's current huge size means that even relatively limited fluctuations in stock prices may bring about changes in market capitalization of tens of billions of dollars or even hundreds of billions of dollars.

Nvidia's one-day increase in market capitalization on Thursday has already surpassed the overall market capitalization of the vast majority of companies in the S&P 500 index. This also set its own record for single-day market capitalization growth. In April 2025, after US President Trump announced the suspension of some tariff measures for 90 days, Nvidia increased its market value by about 450 billion US dollars in a single day.

The core factor driving Nvidia's stock price to soar is the strong business outlook previously announced by the company. The company expects revenue to increase by about 70% in the next fiscal year, far higher than the market's previous estimate of about 45%. This excess of expectations made investors recall the period in which Nvidia continuously surpassed market expectations in the early days of the AI boom. The strong outlook has also allayed recent market concerns about a possible slowdown in AI capital expenditure growth, showing that global technology companies and cloud computing companies are still in strong demand for AI chips and related infrastructure.

Analysts pointed out that the outlook given by Nvidia this time is “shocking”. According to this guideline, compared to current market forecasts, the company's potential revenue growth potential may exceed 100 billion US dollars. Even though its growth forecast has clearly exceeded market expectations, some Wall Street agencies still believe that the company may intend to maintain a relatively conservative forecast.

J.P. Morgan pointed out that Nvidia clearly stated that the current business is still limited by supply capacity, and that without considering supply bottlenecks, actual market demand is growing significantly faster. This means that the factor limiting Nvidia's revenue growth may not be a lack of customer demand, but rather how many AI chips and systems the company can supply to the market. If supply capacity increases further in the future, there is still a possibility that actual revenue will exceed current guidelines.

As Nvidia grew into a company with a market capitalization of about 5.5 trillion US dollars, the impact of its share price fluctuations on the entire US stock market is becoming more and more obvious.

In addition to having the second-largest single-day market capitalization growth record in history, Nvidia also holds the record for the largest single-day market capitalization loss in global stock history. In January 2025, the DeepSeek AI model raised market concerns about AI chip demand and cost structure. At that time, Nvidia's market capitalization evaporated close to 600 billion US dollars in a single day, setting a record in global stock market history.

However, once again, market sentiment has clearly reversed. Nvidia expects revenue growth of about 70% for the next fiscal year, far exceeding the market's previous expectations of about 45%, proving once again that investment in AI infrastructure remains strong.