Nvidia Stock Hits a Record High. How Its Market Cap Could Overtake Apple.

The investing frenzy over artificial intelligence shows no sign of stopping after blowout earnings and guidance from Nvidia.

Nvidia stock was already up 222% so far this year by Wednesday’s close, but the group’s latest earnings propelled the shares another 5% higher in early Thursday trading to a record high. The market cap of Nvidia topped $1.2 trillion as of Thursday —a remarkable rise from the start of the year, when the company’s value was below $370 billion. Nvidia is closing in on Amazon’s $1.4 trillion value and Alphabet’s $1.7 trillion mark, though Apple , the world’s most valuable company with a market cap above $2.8 trillion, is further away.

Nvidia stock opened at $502 on Thursday and has an average target price among analysts surveyed by FactSet of $574.40, though that could rise because more brokers are likely to update their financial forecasts now that the earnings are out. This average price target implies a gain of almost 14% for Nvidia’s stock price, which would translate to its market cap climbing to around $1.42 billion.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Nvidia’s stock soars after AI boom pushes chip giant to record earnings and blowout forecastNvidia Corp. shares rallied after hours Wednesday after the maker of graphics processing units reported a 141% surge in data-center sales.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Nvidia stock rises ahead of results, AMC shares slump and other stocks on the move.Nvidia, Novavax and AMC Entertainment are among the stocks in the spotlight.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »