A surge in price for shares of Nvidia Corporation (NVDA  ) after the company's quarterly earnings results and guidance has put the semiconductor company in the elusive $1 trillion market capitalization club. Here's a look at the past and current members of the club and who could be next to join.

Nvidia Joins $1 Trillion Market Cap Club: On Tuesday, shares of Nvidia were trading higher and the company officially joined the $1 trillion market capitalization club.

While the move could end up being short-lived or the start of what's to come, Nvidia is one of a limited number of companies to hit the milestone.

Nvidia reported first-quarter revenue of $7.19 billion, which beat Street consensus estimates of $6.52 billion. The revenue beat previous guidance from the company in a range of $6.37 billion to $6.63 billion.

The company also beat earnings per share estimates of 92 cents with first-quarter results of $1.09 per share.

Nvidia highlighted the strength of its data center business and the demand for AI chips.

Nvidia guided for second-quarter revenue to be $11 billion, plus or minus 2%. The revenue guidance is significantly higher than Street consensus estimates of $7.15 billion.

The strong results and guidance from Nvidia led to many analysts raising their price targets and calling for the company to quickly hit a $1 trillion market capitalization.

The $1 Trillion Market Cap Club: Nvidia joins five current members of the $1 trillion market capitalization club that includes some of the most recognizable global names.

Other companies with current market capitalizations of over $1 trillion include:

Apple and Saudi Aramco were two of the first companies to hit market capitalizations of $1 trillion and $2 trillion. The companies have battled over the years for the title of the world's most valuable public company.

In mid-2021, Microsoft became only the second U.S. company to ever hit a market capitalization of $2 trillion.

In early 2022, Apple became the first company to hit a market capitalization of $3 trillion.

The current $1 trillion market capitalization club has six members, with Nvidia the new member. Several companies are previous members of the club but have since fallen out. Here are the former members of the club:

  • Meta Platforms (META  ): $679.2 billion market cap
  • Tesla (TSLA  ): $630.4 billion market cap
  • PetroChina: $189.5 billion market cap
On the list of companies ranked by market capitalization, Meta and Tesla claim the eighth and ninth positions, respectively. PetroChina, which hit a valuation of $1 trillion in 2007 is now the 55th most valuable public company in the world.

Who's Next To Join The Club?: Back in 2021, Benzinga took a look at three companies that could hit a market capitalization of $1 trillion. Two of the three names ended up joining the club, with Tesla and Nvidia among the picks.

The miss from the list was Tencent Holdings (TCEHY  ), which is currently ranked as the 19th most valuable public company at $383 billion.

Outside the six members of the $1 trillion market capitalization club, there are only four companies with market caps of $500 billion to $1 trillion.

Here are the next highest-valued public companies:

  • Berkshire Hathaway Inc (NYSE: BRK-A): $699.3 billion
  • Meta Platforms: $$679.2 billion
  • Tesla Inc: $630.4 billion
  • Taiwan Semiconductor Manufacturing (TSM  ): $536.8 billion
These four names are the most likely to join or re-join the $1 trillion market capitalization club based on their current valuation. The four companies are also the subject of a Benzinga Twitter poll to ask our readers which company they think could be next.