NVDA eclipsed a $2T market cap for the 1st time
When the $Spectrum Rare Earths Ltd(SPX.AU)$ $SPDR S&P 500 ETF Trust(SPY)$ bottomed in October 2022, $NVIDIA Corp(NVDA)$ had a $280B market cap and a 12M Fwd PE of 32x.
Last Friday, NVDA eclipsed a $2T market cap for the 1st time. The 12M Fwd PE is now…33x.
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NVDA call volume hit its 2nd highest level ever on Friday as the stock briefly eclipsed a $2T market cap.
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Recent history of NVDA earnings prints have been more suggestive of local top moments than breakout moments for the stock.
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https://twitter.com/Marlin_Capital/status/1761488965855822213
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