NVIDIA’s stock continues to surge, with the latest trading session closing higher this morning in Thai time. The company’s market capitalization stands at a staggering $1.825 trillion, with the stock increasing by 2.46%. Alphabet, the parent company of Google, also saw a stock price increase of 0.53%, with a market capitalization of $1.821 trillion.
Just yesterday, NVIDIA officially surpassed Amazon in terms of market capitalization, making it the third-highest valued company in the United States. It trails behind Microsoft ($3.043 trillion) and Apple ($2.844 trillion) in this regard.
Over the past 12 months, NVIDIA’s stock has surged by an astonishing 221%, reflecting market confidence in the company’s AI capabilities. NVIDIA is a key manufacturer of chips for AI processing, and prior to this, it was primarily known for producing graphics cards for PC gaming.
TL;DR: NVIDIA’s stock remains hot, hitting record highs as it surpasses Amazon in market capitalization. The company is now the third most valuable in the US, after Microsoft and Apple. NVIDIA’s surge is a result of its prominent role in AI processing and its reputation as a leading graphics card manufacturer.
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