Nvidia is getting close to joining Apple, Microsoft, Alphabet, #iphone #samsung #shorts
Nvidia is getting close to joining Apple, Microsoft, Alphabet, and Amazon in the exclusive trillion-dollar market cap club.
Nvidia could soon join the most exclusive Wall Street club with its stunning Thursday increase, nearly overnight.
The chipmaker saw a 26% increase in share price on Thursday, increasing its market worth to just $950 billion, according to FactSet. At Wednesday's end, it stood at $755 billion.Needham analyst Rajvindra Gill wrote in a note on Thursday, "Back in late 2021, we began publishing work suggesting Nvidia would become the first semiconductor company with a trillion dollar market cap." Even though there were some peaks and dips in the intervening years, we think Nvidia will eventually reach that valuation.
#iphone #apple #shorts