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Can Nvidia Enter Trln Market Cap Club Tonight? How Long Can It Keep the Title?
@Tiger_comments: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!
Can Nvidia Enter Trln Market Cap Club Tonight? How Long Can It Keep the Title?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.