Nvidia hits new record high, market cap tops $3 trillion

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Nvidia News

Dan Howley,Most Valuable Company

There doesn't seem to be any stopping Nvidia (NVDA). The AI tech giant's stock hit a new record high on Wednesday. For the first time, the company's market...

hereWanna dig into and video a little bit because the record run as you were just talking about is continuing the chip giant topping $3 trillion in market cap at a record high today.

And I think, you know, one of the, the things that is potentially driving this uh is the announcement of the new chips coming uh in the years ahead.Uh at Cy basically saying that there's gonna be an ultra version of the uh Blackwell chip coming uh as well as Ruben uh the new platform that'll be there.

Uh They're gonna pick an NVIDIA chip if they wanna get the best out there and So they are gonna have to pay for it.I mean, it's so interesting to me, not just to look at the market caps versus each other, but like I'm just glancing at Apple's um, revenue for 2023 of 300 $183 billion.

But yeah, in video, I mean, look, there's, there's tons of companies out there that not just the hyper scalars but others that want and need these kinds of, uh, chips if they can afford them.So we'll, we'll just see how, how much further it can go and maybe they'll play in a, you know, less expensive area at some point to try to get people who don't have the money to pony up for those. -- Axos Financial Inc.

"The current upcycle started in late'23, so we are only in quarter 3, implying strength likely till mid-26E," Bank of America wrote on Monday.These stocks now have dividend yields above 7%. The post Dividend Deals: 2 Top TSX Stocks That Still Look Undervalued appeared first on The Motley Fool Canada.

 

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