The chipmaker returned as the third most valuable US company as its shares jumped 12.5% to a record high of $760.71 on Thursday. If gains hold, Nvidia will add about $210 billion to its market capitalization. Its shares have jumped nearly 36% this year to become the top-performing S&P 500 stock, while playing a crucial part in the benchmark index climbing record highs in 2024.
"The people who made the most money in the gold rush of the mid1800s were the ones providing the tools to get the job done, not those hunting for the precious metal," said Russ Mould, investment director at AJ Bell. "Nvidia is effectively playing the same role today in this tech revolution." If Nvidia hits the $2 trillion mark, it would achieve the milestone at the fastest pace ever by adding $1 trillion in just about nine months.
Denne historien er fra February 23, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra February 23, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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