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July 8, 2020, 5:24 p.m. EDT

Nvidia surpasses Intel as largest U.S. chip maker by market cap

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By Wallace Witkowski

Nvidia Corp. /zigman2/quotes/200467500/composite NVDA -1.20% surpassed Intel Corp. /zigman2/quotes/203649727/composite INTC -1.11% as the largest U.S. chip maker by market cap for the first time on Wednesday. Nvidia shares closed up 3.5% at $408.64, giving it a market cap of $251.31 billion, while Intel shares finished up 0.5% at $58.61, giving it a market cap of $248.16 billion, according to FactSet data. For the year, Nvidia shares have gained 74% while Intel shares have slipped 2%, compared with a 11% gain in the PHLX Semiconductor Index /zigman2/quotes/210598361/realtime SOX -1.18% , a 17% gain in the tech-heavy Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -0.87% , and a 1.9% decline in the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.06% . While it is not the first time a U.S. chip maker has surpassed Intel in market cap, it is the first time for Nvidia. Back in 1999 and 2000, Texas Instruments Inc. /zigman2/quotes/202237907/composite TXN -0.13% surpassed Intel in cap a few times, and between late 2012 and mid-2014 Qualcomm Inc. /zigman2/quotes/206679220/composite QCOM -2.53% and Intel often jockeyed for the No. 1 position, according to Dow Jones data.

/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 447.98
-5.44 -1.20%
Volume: 8.56M
Aug. 7, 2020 4:00p
P/E Ratio
83.66
Dividend Yield
0.14%
Market Cap
$275.51 billion
Rev. per Employee
$882,428
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/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 48.03
-0.54 -1.11%
Volume: 36.77M
Aug. 7, 2020 4:00p
P/E Ratio
8.84
Dividend Yield
2.75%
Market Cap
$204.27 billion
Rev. per Employee
$659,665
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/zigman2/quotes/210598361/realtime
US : Nasdaq
2,178.86
-26.08 -1.18%
Volume: 201,288
Aug. 7, 2020 5:16p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,010.98
-97.09 -0.87%
Volume: 3.85M
Aug. 7, 2020 5:16p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
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/zigman2/quotes/202237907/composite
US : U.S.: Nasdaq
$ 133.56
-0.18 -0.13%
Volume: 2.86M
Aug. 7, 2020 4:00p
P/E Ratio
25.04
Dividend Yield
2.70%
Market Cap
$122.33 billion
Rev. per Employee
$528,105
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/zigman2/quotes/206679220/composite
US : U.S.: Nasdaq
$ 108.25
-2.81 -2.53%
Volume: 11.16M
Aug. 7, 2020 4:00p
P/E Ratio
45.78
Dividend Yield
2.40%
Market Cap
$122.13 billion
Rev. per Employee
$607,486
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