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Nvidia runaway winner in market cap addition in May

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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

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 per cent above the Wall Street estimateGraphic: Change in market cap in May - https://www.reuters.com/graphics/GLOBAL-MARKETS/gkplwyzmkvb/chart.png

Taiwan Semiconductor Manufacturing Co Ltd, a key manufacturer of Nvidia's chips, also saw a big jump in its market cap last month. Saudi Arabian Oil and Exxon Mobil Corp were the biggest losers in terms of market cap, hit by a decline in oil prices last month. Graphic: Top 20 companies in the world by market cap - https://www.reuters.com/graphics/GLOBAL-MARKETS/akveqwrgqvr/chart.pngSource: Reuters

 

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