NVIDIA's Valuation Tops Meta Amazon and AMD Combined

NVIDIA's market value has surged to an astonishing $5.841 trillion, surpassing the combined valuation of Meta Platforms, Amazon, and AMD. As of October 6, 2026, NVIDIA's market cap stood at $5.841 trillion, while Meta, Amazon, and AMD collectively totaled $5.463 trillion. This massive lead is driven by NVIDIA's robust financial performance, particularly in its data center sales, which saw a 117% year-over-year increase in the second quarter of fiscal 2027.

The company's revenue reached $96.22 billion, up 105.85% from the previous year, with net income soaring to $59.69 billion, a 125.9% increase. Non-GAAP earnings per share also exceeded expectations, marking the company's fifth consecutive quarter of beating estimates. CEO Jensen Huang highlighted the significance of AI's productivity, stating, 'AI has reached its inflection point. It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue.'

NVIDIA's shares have seen a 29.94% year-to-date increase and a 5.64% rise over the past week. The company's outlook remains bullish, with a projected 70% revenue growth in fiscal 2028, although management noted this is supply-limited. New chip platforms like Vera Rubin are expected to further boost data center revenue, with orders from major hyperscalers and AI clouds. Despite risks such as rising memory prices and competition from Amazon's Trainium chips, NVIDIA's strong balance sheet and positive analyst ratings support its continued growth.

The market will closely watch NVIDIA's third-quarter guidance of $108.0 billion in revenue, with Vera Rubin expected to contribute about 20% of data center revenue. If NVIDIA continues to outperform its rivals, its stock market valuation is likely to remain above the combined value of Meta, Amazon, and AMD.