Eric Roditi’s Post

#Update NVIDIA shares rose 3.5% to $135.58, boosting its market capitalization by over $110 billion to $3.335 trillion, shortly after surpassing Apple as the second most valuable company. NVIDIA's share price has surged 173% this year, compared to a 19% rise for Microsoft. A recent 10-for-1 stock split increased its appeal to individual investors. The company's market value jumped from $1 trillion to $3 trillion in just over a year, driven by optimism about AI technology. NVIDIA's stock rally lifted the S&P 500 and Nasdaq to record highs, and it is now the most traded company on Wall Street with a daily turnover of $50 billion. Read the story: https://ow.ly/NNTy50SlzrZ #StockMarket #Nvidia #AI #MarketCap #Investing #StockSplit #Technology #WallStreet #S&P500 #Nasdaq

Nvidia's Star Keeps Shining Nvidia is now the third US company, after Apple and Microsoft, to surpass the $3 trillion mark. Shares of the Santa Clara-based company climbed 5.2% to about $1,224.4 each, while Apple shares rose 0.8% to $196. These gains also pushed the S&P 500 and Nasdaq indexes to new record highs on Wednesday. Nvidia's stock has surged 147% this year, following a 239% rise in 2023. Apple shares have gained about 1.7% year-to-date. Nvidia dominates around 70% of AI semiconductor sales, and some analysts believe the stock has even more room to grow.

NVIDIA has reached new heights as its market capitalization surpassed $3.019 trillion on Wednesday. This milestone puts Nvidia as the second-largest publicly traded company in the US, slightly above Apple’s $2.99 trillion market cap and just behind Microsoft’s $3.15 trillion. Nvidia is now the third company in the US to cross the $3 trillion mark, following Apple and Microsoft. Nvidia's shares rose 5.2% to about $1,224.4 a share, while Apple shares ended the session up 0.8% at $196. The gains also helped boost the S&P 500 and tech-heavy Nasdaq indexes, both closing at new record highs. Nvidia has been the biggest beneficiary of the AI mania dominating Wall Street this year, with its stock up 147% year-to-date after soaring 239% in 2023. The company's CEO, Jensen Huang, recently announced that Nvidia would roll out its most advanced AI chip platform, called Rubin, in 2026, succeeding the Blackwell platform. Nvidia accounts for around 70% of AI semiconductor sales, and some analysts believe the stock has further room to grow. The company also announced a 10-for-1 stock split last month, making its shares more accessible for individual investors. For more details on this subject, check out this link: https://lnkd.in/dEQxR64J

The #magnificient7 or now the #fab4? Given the 2024 #bullrun has been driven largely by the so-called #mag7, are all 7 really driving the rally? The answer is NO, as now the so-called Fab4, as giants such as Apple Google Tesla have shown NEGATIVE performance YTD whilst darling NVIDIA, Meta, Microsoft and Amazon — continued their meteoric run and outpaced the broader market. Some market strategists have dubbed them the new "Fab Four. The S&P Global 500 climbed 10% in Q1'24, its best start to a year since 2019, even though two of its biggest constituents suffered double-digit declines. Apple AAPL shares fell 11% in the first three months of the year, while Tesla TSLA dropped almost 30%. Alphabet shares sputtered for much of the period before making a run in the past three weeks and ending up 8%. Some astounding numbers as The S&P 500’s market value has swelled more than $9 trillion since late October, and the index has set 22 record closes in 2024. #tech #stockmarketnews #stockmarkets #capitalmarkets #investors #investments #wealthplanning

Nvidia's market cap (US$2.8 trillion) is bigger than that of the entire ASX market (over US$1.5 trillion) and TAIEX (over US$2 trillion). Does this imply that the value created by this single company is bigger than the economic value of an entire country such as Australia or Taiwan over the next 20 years? Probably not. The event however highlights investors' extreme optimism about AI and raises questions about economic and geopolitical dynamics.

Remember this sentence from my previous post about Nvidia? "𝐍𝐯𝐢𝐝𝐢𝐚: 𝐭𝐡𝐞 𝐬𝐡𝐢𝐧𝐢𝐧𝐠 𝐬𝐭𝐚𝐫 𝐨𝐟 𝐭𝐡𝐞 𝐟𝐮𝐭𝐮𝐫𝐞𝐬 𝐢𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐫𝐞𝐚𝐥𝐦🌟" Shares of the chipmaker climbed 3.6% on Tuesday, lifting the company's market cap to $3.34 trillion, surpassing Microsoft, which is now valued at $3.32 trillion. Earlier this month, #Nvidia hit $3 trillion for the first time, and passed #Apple. Nvidia shares are up more than 170% so far this year, and went a leg higher after the company reported first-quarter earnings in May. The stock has multiplied by more than ninefold since the end of 2022, a rise that's coincided with the emergence of generative #artificial_intelligence. Apple shares fell 1.1% on Tuesday, giving the #iPhone maker a $3.29 trillion market value. Nvidia is a newcomer to the title of most valuable U.S. company. For the past few years, Apple and Microsoft have been trading the title. Nvidia's ascent has been so rapid that the company has yet to be added to the #Dow_Jones Industrial Average, the stock benchmark of 30 of the most valuable U.S. companies. Alongside its earnings release last month, Nvidia announced a 10-for-1 stock split, which went into effect on June 7.

The black jacket man has done it. Jensen Huang has beaten #apple to slot Nvidia into the 2nd most valuable company in the world. Nvidia reached a major milestone some hours back. The company’s market value has crossed the $3 trillion mark (yes, you heard that right - $3 trillion). Its more than Germany's entire stock market cap of $2.2 trillion (take a moment to let that sink in) Nvidia’s stock price has more than doubled this year after tripling in 2023. The company’s valuation journey has been fascinating, - hitting $1 trillion in May 2023, - $2 trillion in February 2024, and - now $3 trillion. This rapid growth is attributed to the company’s dominance in the AI and data center sectors. The company’s data center revenue in the most recent quarter increased 427% year over year to $22.6 billion, accounting for 86% of the company’s total revenue for the quarter. Nvidia’s gaming segment, which was previously its most important business, saw revenue of $2.6 billion. Apple, while trading near record highs, has stagnated over the past year as investors wait to see what the iPhone maker’s AI strategy is. Apple’s stock is up 2% year-to-date, compared to #Nvidia’s year-to-date gain of 146%. With Apple surpassed, Nvidia is behind only Microsoft, which is the world’s most valuable company with a market capitalization of $3.15 trillion. Maybe the time has come for Hardware to beat Software #Nvidia #AIBoom #DataCenterGrowth #TechValuation #Aichips

Nvidia shares jumped by 4.2% on Monday, closing at a new all-time high of $143.71. Wall Street analysts remain highly bullish ahead of the company’s earnings report in November, reaffirming "Buy" ratings. Bank of America raised its price target to $190, citing strong demand for AI and Nvidia’s leadership in the sector. CFRA also increased its target to $160. According to Bloomberg estimates, the stock is expected to reach $148.37 over the next 12 months. Nvidia continues to be the go-to partner for enterprise AI solutions, with key partnerships like Microsoft and Accenture, further boosting analyst confidence in its future growth.

After briefly eclipsing Microsoft and Apple in value last week, Nvidia has experienced the single fastest drawdown in history. Over the past three days, roughly $430 billion in Nvidia’s market cap has been wiped out, which is the biggest three-day value loss for any company in history. If you measure the drop from its intraday peak on Thursday, more than half-a-trillion dollars have gone up in smoke. That’s almost the entire value of Tesla knocked off its shares, which pose larger problems for the overall stock market. “If Nvidia corrects pretty hard in the coming months, it becomes very difficult for the [S&P 500] to keep rising,” Barry Bannister, chief equity strategist at Stifel Financial, told the Financial Times. Read more: bit.ly/3XxAg2u

The Nasdaq 100 experienced a significant decline on Wednesday, falling by 3.3% in its largest one-day loss since 2022. Major tech firms like Nvidia, Alphabet, Microsoft, Apple, and Tesla led the downturn, with Nvidia's shares dropping 7.13% and Tesla's by over 12%. This decline highlights the impact on AI stocks and broader technology shares.  What do you think are we witnessing the start of a tech correction, or is this just a temporary setback before another surge?