Nvidia’s market cap surpassed $2 trillion for the first time on Friday. writes about this Reuters.
The growth was driven by another positive earnings forecast from the chipmaker, released on Feb. 22. According to reports, Nvidia’s capital increased by $277 billion on Thursday, the biggest one-day gain in Wall Street history.
At the same time, the company surpassed $1 trillion in revenue just eight months ago. It took Nvidia more than half the time it took Apple and Microsoft to reach the new milestone.
Before that Nvidia came It is among the three most valuable US companies in terms of capitalization, surpassing Alphabet.
Last week, the American broad market index S&P 500 was announced for the first time in its history. closed Over 5 thousand points. Since the end of October 2023, the indicator has increased by 20%.
Previously Bank of America analysts statedThe “magnificent seven” American big tech stocks are in a bubble that will soon burst.