24H | Nvidia Continues to Rally in Overnight Trading After Market Value Tops $3 Trillion; Lululemon Soars 9%

Tiger Newspress06-06

Nvidia Corp. shares continued to rise 1.28% in overnight trading. Nvidia Corp. was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.

The shares of the Santa Clara, California-based firm have rallied roughly 147% this year, adding about $1.8 trillion as the insatiable demand for its chips used to power artificial intelligence tasks skyrockets. On Wednesday, shares rose 5.2% to close at a record $1,224.40, pushing the market value to more than $3 trillion and overtaking Apple Inc. in the process.

Lululemon shares gained 9.32% in overnight trading. Lululemon Athletica Inc. raised its profit outlook for the full year while also beating market expectations for earnings in the first quarter.

The yogawear brand now sees its earnings per share up 27 cents from the previous view and above the average analyst estimate. Profit in the fiscal first quarter, which ended April 28, was also higher than expected, while Lululemon also boosted its share buyback program by $1 billion.

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Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.</p><p></p><p><img src=\"https://community-static.tradeup.com/news/e26221c5804527a54e684d5b882656fc\" alt=\"\"/></p><p style=\"text-align: start;\">The shares of the Santa Clara, California-based firm have rallied roughly 147% this year, adding about $1.8 trillion as the insatiable demand for its chips used to power artificial intelligence tasks skyrockets. On Wednesday, shares rose 5.2% to close at a record $1,224.40, pushing the market value to more than $3 trillion and overtaking  <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc. in the process.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6f963f4db3c902b60c72004ad6e765dd\" tg-width=\"1200\" tg-height=\"675\"/></p><p>Lululemon shares gained 9.32% in overnight trading. 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