Nvidia bounced back from the $3 trillion market capitalization club after stocks fell

nvidia Apple remains the sole member of the $3 trillion club.

The chipmaker’s stock defeated more than 8% on Thursday following quarterly revenue, wiping out its value of around $273 billion and providing a market capitalization of $2.94 trillion. The S&P 500 index fell 1.6%, while the NASDAQ fell 2.8%.

Nvidia is still the second most valuable US tech company. appleand before Microsoftone of its biggest customers.

So far, in 2025, NVIDIA stock lost 10% of its value as investors faced concerns about export controls, tariffs, more efficient artificial intelligence models, and slowing down the overall pace of growth.

Even after the latest slides, Nvidia is five times more worth it than when the generator AI boom began two years ago. It first reached a market capitalization of $3 trillion in June 2024.

Nvidia reported on Wednesday that outperformed analysts’ estimates completely. The company’s data center revenues, including market-leading graphics processors for AI workloads, have surged 93% per year, nearly $36 billion.

Nvidia shows that there was a strong quarter to begin 2026, and that production issues for the next generation chip, Blackwell, have been largely resolved.

Over the past few weeks, Nvidia CEO Jensen Huang said chip demand remains strong as the next-generation AI model will need more computing power as it considers “best to answer” in stages.

“The amount of calculation required to do that inference process is 100 times more than what we had done before,” Huang told CNBC’s Jon Fortt in an interview Wednesday.

Nvidia spends billions of dollars of infrastructure spending every year on revenue from the world’s largest tech companies. On Wednesday, Huang said that a large cloud service provider, a company like Microsoft, said. Googleand Amazon – This accounted for about half of Nvidia’s data center revenue.

Watch: A complete interview with CNBC’s Nvidia CEO Jensen Huang