$NVIDIA Corp(NVDA)$ +4.00% Nvi-To The Moon - Tiger Brokers Online Investing Community - To The Moon

$NVIDIA Corp(NVDA)$

+4.00%

Nvidia reached over $2 trillion value on the stock market for the first time on Friday.

This happened because Dell Technologies shared a strong outlook and expects more people to buy its servers that use Nvidia's technology for artificial intelligence.

Nvidia's stock added 4% after Dell, which sells high-end servers of Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.

Dell's shares soared 38% to a record high before ending the session with a 32% gain.

Friday's rally put Nvidia's market capitalization at $2.06 trillion, making it Wall Street's third most valuable company behind Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL), at $3.09 trillion and $2.77 trillion, respectively.

Super Micro Computer, another company that sells servers made with Nvidia's chips, jumped 4.5%.

Other chipmakers exposed to AI rallied to record highs, with Broadcom (NASDAQ:AVGO) and Marvell Technology each up about 8%, while Advanced Micro Devices (NASDAQ:AMD) climbed over 5%.

The PHLX chip index rallied 4.3% to record high, lifting its 2024 gain to 18%.

Nvidia controls about 80% of the high-end AI chip market, with customers including ChatGPT creator OpenAI, Microsoft, Alphabet (NASDAQ:GOOGL) and Meta Platforms snapping up tight supplies of its components to compete in the fast-emerging generative AI sector.

The company has recently become Wall Street's most traded stock by value, replacing Tesla (NASDAQ:TSLA). Investors exchanged $36 billion worth of Nvidia's stock on average over the past 30 sessions, compared to $21 billion a day for Tesla.

Trading in Nvidia on Friday reached $38 billion worth of shares.

On Feb. 23, the Santa Clara, California-based company added $277 billion in stock market value in just one session, a Wall Street record, after it forecast a roughly threefold surge in quarterly revenue.

Nvidia's stock has now risen 66% in 2024 after more than tripling last year. Last month, its stock market value overtook Amazon (NASDAQ:AMZN) and Alphabet.

A week ago, Nvidia's stock market value edged above $2 trillion for the first time before receding by the end of the session.

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This is a column where you can find the winning trades of our fellow tigers. There probably are a few potential opportunities that you may have overlooked.","image":"https://community-static.tradeup.com/news/14c89d9656aedb9a4698e7996c575947"}],"images":[{"img":"https://community-static.tradeup.com/news/b215a370df7d7bd7c9ebc7af18f5bff3","width":"1125","height":"3203"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/b215a370df7d7bd7c9ebc7af18f5bff3","width":"1125","height":"3203"}],"html":"<html><head></head><body><a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n<p>+4.00%</p>\n<p>Nvidia&nbsp;reached over $2 trillion value on the stock market for the first time on Friday.&nbsp;</p>\n<p>This happened because Dell Technologies shared a strong outlook and&nbsp;expects more people to buy its servers that use Nvidia's technology for artificial intelligence.</p>\n<p>Nvidia's stock added 4% after Dell, which sells high-end servers of&nbsp;Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.</p>\n<p>Dell's shares soared 38% to a record high before ending the session with a 32% gain.</p>\n<p>Friday's rally put Nvidia's market capitalization at $2.06 trillion, making it Wall Street's third most valuable company behind Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL), at $3.09 trillion and $2.77 trillion, respectively.</p>\n<p>Super Micro Computer, another company that sells servers made with Nvidia's chips, jumped 4.5%.</p>\n<p>Other chipmakers exposed to AI rallied to record highs, with Broadcom (NASDAQ:AVGO) and Marvell Technology each up about 8%, while Advanced Micro Devices (NASDAQ:AMD) climbed over 5%.</p>\n<p>The PHLX chip index rallied 4.3% to&nbsp;record high, lifting its 2024 gain to 18%.</p>\n<p>Nvidia controls about 80% of the high-end AI chip market, with customers including ChatGPT creator OpenAI, Microsoft, Alphabet (NASDAQ:GOOGL) and Meta Platforms snapping up tight supplies of its components to compete in the fast-emerging generative AI sector.</p>\n<p>The company has recently become Wall Street's most traded stock by value, replacing Tesla (NASDAQ:TSLA). Investors exchanged $36 billion worth of Nvidia's stock on average over the past 30 sessions, compared to $21 billion a day for Tesla.</p>\n<p>Trading in Nvidia on Friday reached $38 billion worth of shares.</p>\n<p>On Feb. 23, the Santa Clara, California-based company added $277 billion in stock market value in just one session, a Wall Street record, after it forecast a roughly threefold surge in quarterly revenue.</p>\n<p>Nvidia's stock has now risen 66% in 2024 after more than tripling last year. Last month, its stock market value overtook Amazon (NASDAQ:AMZN) and Alphabet.</p>\n<p>A week ago, Nvidia's stock market value edged above $2 trillion for the first time before receding by the end of the session.</p>\n<img src=\"https://community-static.tradeup.com/news/b215a370df7d7bd7c9ebc7af18f5bff3\" tg-width=\"1125\" tg-height=\"3203\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$&nbsp;</a><v-v data-views=\"1\"></v-v>&nbsp;\n<p>+4.00%</p>\n<p>Nvidia&nbsp;reached over $2 trillion value on the stock market for the first time on Friday.&nbsp;</p>\n<p>This happened because Dell Technologies shared a strong outlook and&nbsp;expects more people to buy its servers that use Nvidia's technology for artificial intelligence.</p>\n<p>Nvidia's stock added 4% after Dell, which sells high-end servers of&nbsp;Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.</p>\n<p>Dell's shares soared 38% to a record high before ending the session with a 32% gain.</p>\n<p>Friday's rally put Nvidia's market capitalization at $2.06 trillion, making it Wall Street's third most valuable company behind Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL), at $3.09 trillion and $2.77 trillion, respectively.</p>\n<p>Super Micro Computer, another company that sells servers made with Nvidia's chips, jumped 4.5%.</p>\n<p>Other chipmakers exposed to AI rallied to record highs, with Broadcom (NASDAQ:AVGO) and Marvell Technology each up about 8%, while Advanced Micro Devices (NASDAQ:AMD) climbed over 5%.</p>\n<p>The PHLX chip index rallied 4.3% to&nbsp;record high, lifting its 2024 gain to 18%.</p>\n<p>Nvidia controls about 80% of the high-end AI chip market, with customers including ChatGPT creator OpenAI, Microsoft, Alphabet (NASDAQ:GOOGL) and Meta Platforms snapping up tight supplies of its components to compete in the fast-emerging generative AI sector.</p>\n<p>The company has recently become Wall Street's most traded stock by value, replacing Tesla (NASDAQ:TSLA). 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