The stock price of NVIDIA has reached a new milestone, with a market capitalization increasing by a staggering $2.77 trillion in just one day from trading on the NASDAQ stock market last Thursday night. This marks a record-breaking surge in market value in just one day, surpassing the previous record held by Meta at the beginning of the month.
NVIDIA’s stock price rose by 16.40%, closing at $785.38 per share, setting a new all-time high for the company with a market capitalization of $1.96 trillion after the company reported quarterly earnings that reflected the high demand for AI processing chips.
The positive performance of NVIDIA has also had a ripple effect on stock markets worldwide, particularly in Japan where the Nikkei index hit a new all-time high yesterday, as semiconductor stocks across the board saw significant gains.
Source: Reuters
TLDR: NVIDIA’s stock price hits a new high, reaching a market capitalization of $2.77 trillion in a single day. The company’s strong performance is attributed to high demand for AI processing chips.
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