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Don't worry gang, I'll leave a comment here when I buy Nvidia so yall know to short it.

AI Darling Nvidia's Market Value Surges Closer to Apple

By Zaheer Kachwala May 28 (Reuters) - Nvidia's shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker's stock market value about $100 billion away from overtaking A

AI Darling Nvidia's Market Value Surges Closer to Apple

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As of the end of Tuesday’s session, Nvidia had a $2.801 trillion valuation, while Apple had a $2.913 trillion valuation. That meant the margin between the two was $112 billion.<img src=\"https://community-static.tradeup.com/news/5746e981c5694cfd39fab7b51b8e70a7\" title=\"\" tg-width=\"460\" tg-height=\"420\"/>Last trading at $1,139, Nvidia&#39;s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, which is Wall Street&#39;s second-most valuable company after Microsoft.Its stock surged as much as 8% to $1,149.39 during the session, an intra-day record high. Apple&#39;s stock was down 0.2% in afternoon trading.Nvidia&#39;s shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split, which excited investors as they continue to bet on the AI poster child.&#34;The market has been struggling to keep up with the company&#39;s ever improving growth trajectory. At a mid-thirties forward earnings multiple, this still doesn&#39;t feel like bubble territory,&#34; said Derren Nathan, head of equity analysis at Hargreaves Lansdown.Nvidia recently traded at 36 times its forward profit estimates, compared with 38 for Advanced Micro Devices and 21 for Intel , according to LSEG data.<img src=\"https://community-static.tradeup.com/news/3ac900dd7ad171884c55d2ca6d167f73\" title=\"\" tg-width=\"626\" tg-height=\"452\"/>The company&#39;s shares have more than doubled so far this year after more than tripling last year.Nvidia, which has been one of the biggest beneficiaries of the AI boom, reported a five-fold jump in revenue at its data center segment last week as customers line up for their high-performance chips.Alphabet , Microsoft , Amazon.com and other technology companies have been competing for a limited supply of Nvidia&#39;s high-end chips as they race to dominate AI computing.&#34;Business is doing incredibly well, there are so many opportunities to keep growing, and the AI theme still has legs. When the song is that catchy, investors want to keep humming it all day long, said Dan Coatsworth, investment analyst at AJ Bell when asked about the stock&#39;s rally.Long considered a must-own stock on Wall Street, Apple has underperformed other Big Tech companies in recent months, falling around 2% this year as it struggles with weak iPhone demand and tough competition in China.Microsoft overtook Apple as the world&#39;s most valuable company earlier this year as it raced ahead of other tech firms due to gains made by early investments in artificial intelligence across its cloud services.Microsoft&#39;s shares were down 0.4% on Tuesday, giving it a market value of $3.1 trillion.Apple has also been slower in rolling out generative AI, which can generate human-like responses to written prompts, than rivals such as Microsoft and Google, which are weaving them into products.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AI Darling Nvidia's Market Value Surges Closer to Apple</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAI Darling Nvidia's Market Value Surges Closer to Apple\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2024-05-29 07:06\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>May 28 (Reuters) - Nvidia&#39;s shares rallied around 7% to hit a record high on Tuesday. As of the end of Tuesday’s session, Nvidia had a $2.801 trillion valuation, while Apple had a $2.913 trillion valuation. That meant the margin between the two was $112 billion.<img src=\"https://community-static.tradeup.com/news/5746e981c5694cfd39fab7b51b8e70a7\" title=\"\" tg-width=\"460\" tg-height=\"420\"/>Last trading at $1,139, Nvidia&#39;s market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, which is Wall Street&#39;s second-most valuable company after Microsoft.Its stock surged as much as 8% to $1,149.39 during the session, an intra-day record high. Apple&#39;s stock was down 0.2% in afternoon trading.Nvidia&#39;s shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split, which excited investors as they continue to bet on the AI poster child.&#34;The market has been struggling to keep up with the company&#39;s ever improving growth trajectory. At a mid-thirties forward earnings multiple, this still doesn&#39;t feel like bubble territory,&#34; said Derren Nathan, head of equity analysis at Hargreaves Lansdown.Nvidia recently traded at 36 times its forward profit estimates, compared with 38 for Advanced Micro Devices and 21 for Intel , according to LSEG data.<img src=\"https://community-static.tradeup.com/news/3ac900dd7ad171884c55d2ca6d167f73\" title=\"\" tg-width=\"626\" tg-height=\"452\"/>The company&#39;s shares have more than doubled so far this year after more than tripling last year.Nvidia, which has been one of the biggest beneficiaries of the AI boom, reported a five-fold jump in revenue at its data center segment last week as customers line up for their high-performance chips.Alphabet , Microsoft , Amazon.com and other technology companies have been competing for a limited supply of Nvidia&#39;s high-end chips as they race to dominate AI computing.&#34;Business is doing incredibly well, there are so many opportunities to keep growing, and the AI theme still has legs. When the song is that catchy, investors want to keep humming it all day long, said Dan Coatsworth, investment analyst at AJ Bell when asked about the stock&#39;s rally.Long considered a must-own stock on Wall Street, Apple has underperformed other Big Tech companies in recent months, falling around 2% this year as it struggles with weak iPhone demand and tough competition in China.Microsoft overtook Apple as the world&#39;s most valuable company earlier this year as it raced ahead of other tech firms due to gains made by early investments in artificial intelligence across its cloud services.Microsoft&#39;s shares were down 0.4% on Tuesday, giving it a market value of $3.1 trillion.Apple has also been slower in rolling out generative AI, which can generate human-like responses to written prompts, than rivals such as Microsoft and Google, which are weaving them into products.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","BK4543":"AI","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4077":"互动媒体与服务","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","BK4559":"巴菲特持仓","AAPL":"苹果","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","BK4550":"红杉资本持仓","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","GOOG":"谷歌","MSFT":"微软","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","GOOGL":"谷歌A","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","BK4548":"巴美列捷福持仓","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4528":"SaaS概念","BK4515":"5G概念","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","BK4553":"喜马拉雅资本持仓","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","BK4567":"ESG概念","LU0528227936.USD":"富达环球人口趋势基金A-ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4566":"资本集团","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4525":"远程办公概念","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2439584979","content_text":"May 28 (Reuters) - Nvidia's shares rallied around 7% to hit a record high on Tuesday. As of the end of Tuesday’s session, Nvidia had a $2.801 trillion valuation, while Apple had a $2.913 trillion valuation. That meant the margin between the two was $112 billion.Last trading at $1,139, Nvidia's market capitalization reached $2.8 trillion, compared to a market value of $2.9 trillion for Apple, which is Wall Street's second-most valuable company after Microsoft.Its stock surged as much as 8% to $1,149.39 during the session, an intra-day record high. Apple's stock was down 0.2% in afternoon trading.Nvidia's shares have surged nearly 13% since it forecast second-quarter revenue above Wall Street expectations last week and announced a stock split, which excited investors as they continue to bet on the AI poster child.\"The market has been struggling to keep up with the company's ever improving growth trajectory. At a mid-thirties forward earnings multiple, this still doesn't feel like bubble territory,\" said Derren Nathan, head of equity analysis at Hargreaves Lansdown.Nvidia recently traded at 36 times its forward profit estimates, compared with 38 for Advanced Micro Devices and 21 for Intel , according to LSEG data.The company's shares have more than doubled so far this year after more than tripling last year.Nvidia, which has been one of the biggest beneficiaries of the AI boom, reported a five-fold jump in revenue at its data center segment last week as customers line up for their high-performance chips.Alphabet , Microsoft , Amazon.com and other technology companies have been competing for a limited supply of Nvidia's high-end chips as they race to dominate AI computing.\"Business is doing incredibly well, there are so many opportunities to keep growing, and the AI theme still has legs. When the song is that catchy, investors want to keep humming it all day long, said Dan Coatsworth, investment analyst at AJ Bell when asked about the stock's rally.Long considered a must-own stock on Wall Street, Apple has underperformed other Big Tech companies in recent months, falling around 2% this year as it struggles with weak iPhone demand and tough competition in China.Microsoft overtook Apple as the world's most valuable company earlier this year as it raced ahead of other tech firms due to gains made by early investments in artificial intelligence across its cloud services.Microsoft's shares were down 0.4% on Tuesday, giving it a market value of $3.1 trillion.Apple has also been slower in rolling out generative AI, which can generate human-like responses to written prompts, than rivals such as Microsoft and Google, which are weaving them into products.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NVDA"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":70,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}