Nvidia joins $1T market cap club, 7th U.S. company to achieve milestone. The stock surged +3.9% on Tuesday, reaching a market cap of $1.01T. Apple, Microsoft, Amazon, Alphabet, and Meta were previously part of the elite group. Nvidia’s remarkable YTD surge of ~186% is driven by AI’s growth, outperforming the S&P 500’s 14% gain. Impressive Q1 results and guidance further boosted the Santa Clara chipmaker’s stock by ~25%.
Read more at Seeking Alpha
Summary
Article Name
Nvidia Surpasses $1T Market Cap, Fueled by AI's Growth
Description
Nvidia joins $1T market cap club, 7th U.S. company to achieve milestone.
Author
Susan Jane
Publisher Name
Seeking Alpha
Publisher Logo
