Tesla, Nvidia Surge By Same Value As Goldman Sachs, Starbucks In 1 Day
Portfolio Pulse from Aaron Bry
Tech giants NVIDIA Corp (NASDAQ:NVDA) and Tesla Inc (NASDAQ:TSLA) saw their stocks surge by 8.5% and 7.3% respectively on Monday, adding more than $120 billion to their combined market value. This increase matches the entire value of companies like Starbucks Corp (NASDAQ:SBUX), Goldman Sachs Group (NYSE:GS), and Lockheed Martin Corp (NYSE:LMT). Other companies with lower market capitalization than the value of Tesla and Nvidia's gain include Blackstone Inc (NYSE:BX), Sony Group Corp (NYSE:SONY), AT&T Inc (NYSE:T), Anheuser-Busch InBev (NYSE:BUD), CVS Health Corp (NYSE:CVS), AirBnb Inc (NASDAQ:ABNB), Altria Group (NYSE:MO), and Shopify Inc (NASDAQ:SHOP).
August 21, 2023 | 9:08 pm
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POSITIVE IMPACT
NVIDIA's stock surged by 8.5%, adding significant value to its market cap.
The surge in NVIDIA's stock price directly increases its market value, which is likely to attract more investors and potentially drive the price even higher in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Tesla's stock increased by 7.3%, significantly boosting its market cap.
The increase in Tesla's stock price directly boosts its market value, which could attract more investors and potentially push the price even higher in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100