Because of its great first-quarter results, Nvidia is now worth more than all of Germany’s publicly traded companies put together.
FactSet says that as of Wednesday, companies with main listings in Germany are worth a total of €2.315 trillion, or $2.51 trillion.
Nvidia’s stock price, NVDA, rose 8.37% in early trading, putting its value at $2.6 trillion.
FactSet says that German companies, ranging from A.S. Creation Tapeten ACWN to Zooplus ZO1 and including BMW BMW, -0.17%, SAP SAP, 0.79%, and Volkswagen VOW3, -0.13%, made €121.56 billion on sales of €2.96 trillion last year.
Along with its better-than-expected fiscal first quarter, Nvidia has made $42.6 billion on sales of $79.7 billion over the last 12 months.
It’s true that Nvidia is rapidly increasing both its top and bottom lines. Its adjusted earnings per share went up 461% from one year to the next, and its sales went up 262%.
To buy Germany as a whole instead of just Nvidia, the iShares MSCI German ETF EWG is the best choice. It follows an index that includes about 85% of Germany’s market value.
