The vigorous heat of NVIDIA stocks continues relentless after the company reported strong quarterly results, showing high growth trends leading to a 16% increase in stock price in a single day.
As of last night (February 23rd), NVIDIA stock prices have steadily increased, pushing the company’s market cap to over $2 trillion for the first time. This surge occurred amidst trading sessions, with the closing stock price slightly down at 0.36% at $788.17 per share, resulting in a market cap of $1.97 trillion.
Analysts view the uptrend in NVIDIA stocks akin to the gold rush era in the 1800s when everyone sought mining tools. However, in today’s era, the AI wave and NVIDIA’s chips are the essential tools for success.
NVIDIA’s $2 trillion market cap marks a new milestone, accomplished in just 9 months from $1 trillion, making it the fastest in U.S. corporate history. Only two other companies have crossed the $2 trillion mark: Apple, taking 2 years from $1 trillion to $2 trillion (currently valued at $2.818 trillion), and Microsoft, taking 2 years and 2 months to reach $2 trillion (currently valued at $3.049 trillion).
Source: Reuters
TLDR: NVIDIA’s stock prices surge after strong quarterly results, hitting a $2 trillion market cap, marking a significant milestone in corporate history amid the AI wave.
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