NVIDIA is now larger than Intel

It's a historic day for NVIDIA as the company now has a larger valuation on the stock market than Intel! NVIDIA shares hit an all-time high of $406.88 per share today, pushing the stock to a market cap of over $249 billion. Intel shares are trading flat today at $58.28, resulting in a market cap of $246.80 billion.

In terms of revenue, Intel is still quite a bit larger than NVIDIA. In the most recent financial quarter, NVIDIA earned non-GAAP net income of $1.12 billion on revenue of $3.08 billion. Intel on the other hand earned $6.2 billion on revenue of $19.8 billion.

NVIDIA's shares have gained roughly 70 percent since the start of the year and have skyrocketed over twenty-fold over the past five years.

Investors are bidding up NVIDIA on optimism about GPU demand. In case you're wondering, AMD currently has a market cap of just under $62 billion.