Top 5 Most Valuable American Companies Today

In this piece, we will take a look at the top 20 most valuable American companies today. For more companies, head on over to the top 20 most valuable American companies today.

5. NVIDIA Corporation (NASDAQ:NVDA)

Market cap as at 27th October 2023 (in $ billions): 1,000

NVIDIA Corporation (NASDAQ:NVDA) is likely one of the biggest success stories of 2023, with it share price increasing by nearly 183% YTD 2023, allowing it to cross the $1 trillion market cap threshold and be counted among the most valuable American companies today. Most of this success can be attributed to NVIDIA Corporation (NASDAQ:NVDA) pivoting successfully to AI, which it mentioned in its Q3 2023 earnings call, stating “Year-on-year growth was driven primarily by leading U.S. cloud providers and a broadening set of consumer Internet companies for workloads such as large language models, recommendation systems and generative AI. As the number and scale of public cloud computing and Internet service companies deploying NVIDIA AI grows our traditional hyperscale definition will need to be expanded to convey the different end market use cases. We will align our data center customer commentary going forward accordingly. Other vertical industries, such as automotive and energy, also contributed to growth with key workloads relating to autonomous driving, high-performance computing, simulations and analytics.”