Nvidia's $1.7 Trillion Market Cap Surpasses Entire Chinese Stock Market: Investment Strategist
Portfolio Pulse from Ananya Gairola
Nvidia Corporation (NASDAQ:NVDA) has reached a $1.7 trillion market cap, equaling the entire Chinese stock market. This surge, attributed to a $600 billion increase in the last two months, positions Nvidia as the most valuable chipmaker globally. Despite concerns over its valuation, analysts remain optimistic, citing strong near-term results and AI innovations. Nvidia's stock has risen by 239% in 2023 and an additional 41% in 2024, while the Hang Seng index has fallen significantly.
February 10, 2024 | 7:14 am
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Nvidia's market cap reaches $1.7 trillion, equating to the entire Chinese stock market, with a 239% stock rise in 2023 and 41% in 2024.
Nvidia's significant market cap increase and stock price surge, driven by AI innovations and strategic partnerships, indicate strong investor confidence and market optimism. Despite some valuation concerns, analyst endorsements and future growth potential in AI technology contribute to a positive outlook.
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