A successful quarterly report led to a sharp jump in the value of NVIDIA shares. The “green” company has risen in price by almost $200 billion in 24 hours.
What is known
Very soon, NVIDIA may enter the elite club of companies whose capitalization exceeds $1 trillion. It now includes Apple, Microsoft, Amazon and Alphabet.
After the publication of the report, NVIDIA shares rose in price by almost a quarter (24%). This led to the fact that the market capitalization increased by $198 billion to $950 billion.
Interestingly, in just 24 hours, NVIDIA added more than the entire capitalization of Qualcomm, Intel or AMD. The “blue” company is valued at $113 billion, and the “red” company is valued at $192 billion. Qualcomm’s capitalization is $114 billion.
In general, the whole of 2023 is going well for NVIDIA. Since January, the shares of the American company have risen in price by 160%. On May 25, 2023 alone, the capitalization of NVDIDIA increased by $183.8 billion. The daily record belongs to Amazon (+$191.3 billion on February 4, 2022), and Apple is in second place (+$190.9 billion on November 10, 2022).
Source: The Wall Street Journal
2023-05-27 19:10:51
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