Can Nvidia Enter Trln Market Cap Club Tonight? How Long Can It Keep the Title?
Driven by the artificial intelligence boom and stellar earnings guidance, $NVIDIA Corp(NVDA)$ shares are hitting record highs to $390.
Nvidia may become the seventh U.S. listed company to reach $1 trillion in market capitalization, after only $Apple(AAPL)$ , $Microsoft(MSFT)$ , $Alphabet(GOOG)$ , $Meta Platforms, Inc.(META)$ , $Amazon.com(AMZN)$ and $Tesla Motors(TSLA)$ ever reached that height.
Can Nvidia Enter the Trillion-Dollar Market Cap Club Tonight?
As of Wednesday's close, Nvidia's market cap stood at $754.3 billion.
But after the company released its first-quarter earnings report and second-quarter earnings estimates, its shares surged more than 25% after the bell and its market value jumped nearly $190 billion to about $950 billion.
Before the bell, $NVIDIA Corp(NVDA)$ rises to $395 currently. It will reach 1 trln market cap when the stock price rise to $404.
How long can Nvidia keep its “trln market cap” if it comes true?
Let’s look at the example of its predecessor - $Tesla Motors(TSLA)$.
Tesla reached its first trln market cap on 25th Oct. 2021, at the stock price of $315. Tesla kept its trln market cap for 138 days.
Currently, $Tesla Motors(TSLA)$ ‘s market cap is $579.7 bln.
Do you think Nvidia will reach 1 trln market cap tonight?
Are you bullish on the future trend of Nvidia?
Leave your comments and win tiger coins!
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It's a suprise that pre mkt price can increase so much, so anything is possible!!!
come share your thoughts & win coins together Tigers!
2 things a wise investor will make a note.
1. How the analyst keep revising the price target right from $180s, $220s, $250s, $250, $320 n now going upto $500
2. See how much shorts get burned on this.
@Healthy Tiger @evepek @ngph
will this be the biggest player or the most influential one? this remains something to be seen.
Nvidia has a good start and hopefully, is able to maintain the lead over time. the rise of this stock is partly due to its strong core of products and its role in AI. which other stocks are promising a future as hopeful?
remember to take profits and don't end up being the bag holder.
I guess since the AI trend hasn't finished yet, it will still bullish