When Will Nvidia Be The Most Valuable Company In The World?
Portfolio Pulse from Chris Katje
Nvidia Corporation (NASDAQ:NVDA) is rapidly approaching the market capitalizations of Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) after strong first-quarter earnings and guidance. Nvidia's shares hit new all-time highs, closing at $1,140.53, with a market cap of $2.805 trillion. The company needs to reach $1,180.31 per share to surpass Apple and $1,295.79 per share to surpass Microsoft. Analysts have raised price targets, and Nvidia's recent dividend increase and stock split could attract new investors.
May 29, 2024 | 1:14 pm
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POSITIVE IMPACT
Nvidia's strong first-quarter earnings and guidance have propelled its shares to new all-time highs, closing at $1,140.53. The company is now the third most valuable in the world with a market cap of $2.805 trillion. Nvidia needs to reach $1,180.31 per share to surpass Apple and $1,295.79 per share to surpass Microsoft. Analysts have raised price targets, and the recent dividend increase and stock split could attract new investors.
Nvidia's strong earnings and guidance have significantly boosted investor confidence, leading to a substantial increase in share price. The company's market cap is now close to surpassing Apple and Microsoft, making it a key focus for investors. The dividend increase and stock split are likely to attract new investors, further driving up the stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Nvidia is rapidly approaching Apple's market capitalization, needing to reach $1,180.31 per share to surpass it. This competition could impact Apple's stock as investors watch Nvidia's performance closely.
While Nvidia's rise is significant, it does not directly impact Apple's operations or financials. However, the competition for the top market cap spot could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Nvidia is also closing in on Microsoft's market capitalization, needing to reach $1,295.79 per share to surpass it. This competition could impact Microsoft's stock as investors watch Nvidia's performance closely.
While Nvidia's rise is significant, it does not directly impact Microsoft's operations or financials. However, the competition for the top market cap spot could influence investor sentiment and trading behavior.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50