Nvidia Corp.’s
NVDA,
meteoric rise makes it not only the third-largest company in the U.S. in terms of market capitalization, but also bigger than most other countries’ economies, based on gross domestic product.
The chip maker’s stock closed at $788.17 on Friday, giving it a market value of $1.97 trillion. That figure is greater than the GDP of every nation in the world but 11, beating the likes of Russia, South Korea and Australia, according to February International Monetary Fund data compiled by Forbes.