Nvidia Joins Trillion-Dollar Club: AI Surpasses Ukraine, Bitcoin, Inflation As Most-Searched Term On Google
Portfolio Pulse from Piero Cingari
Nvidia has joined the trillion-dollar club, with a market capitalization of $1 trillion, following a 35% rally over the last two weeks due to a boom in artificial intelligence (AI). Other AI-related stocks, such as AMD, AVGO, TSM, and MU, have also experienced significant gains.
May 30, 2023 | 1:35 pm
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POSITIVE IMPACT
AMD shares are up 30% over the past week, following Nvidia's Q1 earnings and the AI-driven rally.
AMD's stock price has increased due to the growing interest in AI and the positive impact of Nvidia's Q1 earnings on the sector. This has led to a 30% surge in AMD's stock price over the past week.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Broadcom shares are up 27% over the past week, following Nvidia's Q1 earnings and the AI-driven rally.
Broadcom's stock price has increased due to the growing interest in AI and the positive impact of Nvidia's Q1 earnings on the sector. This has led to a 27% surge in Broadcom's stock price over the past week.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Micron Technology shares are up 14% over the past week, following Nvidia's Q1 earnings and the AI-driven rally.
Micron Technology's stock price has increased due to the growing interest in AI and the positive impact of Nvidia's Q1 earnings on the sector. This has led to a 14% surge in MU's stock price over the past week.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Nvidia's market cap reaches $1 trillion, driven by a 35% rally due to the AI boom.
Nvidia's stock price has surged due to the growing interest in AI, which has become the hottest investing theme in 2023. This has led to a 35% rally in the last two weeks, pushing the company's market cap to $1 trillion.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
TSM shares are up 20.5% over the past week, following Nvidia's Q1 earnings and the AI-driven rally.
TSM's stock price has increased due to the growing interest in AI and the positive impact of Nvidia's Q1 earnings on the sector. This has led to a 20.5% surge in TSM's stock price over the past week.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80