Here's Why Nvidia, AMD, Uber, Visa And Costco Investors Are Celebrating
Portfolio Pulse from Surbhi Jain
On Thursday, major market indices closed higher, with the S&P 500 up 0.89% and NASDAQ-100 up 1.42%. Technology led sector gains, up 2.03%. Notably, NVIDIA, AMD, Uber, Visa, and Costco reached new all-time highs, with impressive one-year performances. Investors are optimistic as Q4 earnings provide market insights for 2024.
January 19, 2024 | 2:30 pm
News sentiment analysis
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POSITIVE IMPACT
AMD's stock price reached a new all-time high of $168.60, with a market cap of $268.819 billion and a one-year performance of 130.64%.
AMD's record high indicates strong market momentum, which could continue to drive its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Costco Wholesale's stock price soared to a new all-time high of $687.72, with a market cap of $305.281 billion and a one-year performance of 46.61%.
Costco's new all-time high is indicative of robust performance and investor optimism, which may positively influence its short-term stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVIDIA reached a new all-time high of $476 with a market cap of $1.438 trillion and a one-year performance of 228.64%.
NVIDIA's new all-time high reflects strong investor confidence and market performance, likely to positively impact short-term price action.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Uber Technologies achieved a new all-time high stock price of $65, with a market cap of $134.090 billion and a one-year performance of 124.03%.
Uber's new all-time high suggests positive investor sentiment, which may lead to continued short-term price appreciation.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Visa Inc. reached a new all-time high of $268.78 with a market cap of $552.784 billion and a one-year performance of 22.18%.
Visa's achievement of a new all-time high could signal continued investor confidence, potentially leading to further short-term gains.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100