Nvidia's stock price has continued to rise sharply and shows no signs of stopping, helping Nvidia surpass technology giants like Microsoft and Apple to become the world's largest company by market capitalization. Specifically, the chipmaker's shares rose 3.2% to $135.21, bringing its market capitalization to $3.326 trillion, just days after surpassing iPhone maker Apple to become the second most valuable company.
“It’s a bit surprising that they’re definitely a business that needs significant growth, investors have clearly taken that into account,” said Melissa Brown, managing director of applied research at SimCorp. “What I’m concerned about now is how long that growth can be sustained.”
Nvidia is the fastest growing company in terms of stock value in recent years. The company was founded in 1993 and went public in 1999. By July 2017, Nvidia's market capitalization had reached $100 billion for the first time.
By May 2023, Nvidia will have reached the milestone of $1 trillion in market capitalization for the first time. Last February, Nvidia's market capitalization surpassed $2 trillion for the first time, and on June 6, the company's market capitalization surpassed $3 trillion for the first time.
So, it took Nvidia 18 years to reach a market capitalization of $100 billion, but it took the company less than a year to increase its market capitalization from $1,000 to $2,000 billion and less than four months to increase from $2,000 to $3,000 billion.
Nvidia’s stunning surge in market value over the past year has become emblematic of Wall Street’s extraordinary volatility fueled by optimism about emerging AI technology. While Nvidia’s rally has lifted the S&P 500 and Nasdaq to record highs, some investors worry that the over-optimism about AI could dissipate if there are signs of slowing spending on the technology.
Nvidia has also become the most traded company on Wall Street, with recent daily turnover averaging $50 billion, compared with about $10 billion for Apple, Microsoft and Tesla. The chipmaker now accounts for about 16% of total S&P 500 trading.
Source: https://vov.vn/kinh-te/nvidia-bat-ngo-vuot-microsoft-thanh-cong-ty-co-gia-tri-von-hoa-lon-nhat-the-gioi-post1102573.vov
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