This is absolutely insane:
Nvidia, $NVDA, the third largest company in the world is trading like a penny stock.
Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap.
In other words, Nvidia has added as much market cap as the entire value of Costco, $COST, in 18 hours.
This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks.
Big tech stocks are throwing around trillions of Dollars of market cap in a matter of hours.
Truly insane.
That's a $1.4 trillion+ swing in Nvidia's market cap in just over a month.
That's also more than the value of most countries' entire stock market.
Volatility is officially back and on the rise.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Great article, would you like to share it?