News Formal

Nvidia runaway winner in market cap addition in May

  • 📰 Reuters
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Nvidia Corp's market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data.

The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to become a major beneficiary of a boom in artificial intelligence following a revenue forecast that was more than 50% above the Wall Street estimate.

The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to become a major beneficiary of a boom in artificial intelligence following a revenue forecast that was more than 50% above the Wall Street estimate
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia shorts down $4.1 billion in mark-to-market losses since May 24-S3 Partners By ReutersNvidia shorts down $4.1 billion in mark-to-market losses since May 24-S3 Partners
Source: Investingcom - 🏆 450. / 53 Read more »

Calvin Klein parent PVH Corp.’s first quarter earnings surpass expectations, but inventories riseShares of PVH Corp. dropped nearly 4% in the extended session Wednesday after the parent of Calvin Klein and other clothing brands reported first-quarter...
Source: MarketWatch - 🏆 3. / 97 Read more »