Mega-cap companies saw strong gains in 2023 amid tech optimism
Facebook parent Meta Platforms experienced a substantial increase in market capitalization, soaring 188% to $909.3 billion, its largest annual gain in 11 years. Nvidia Corp, the U.S. chipmaker, skyrocketed 240% in terms of market cap, to $1.22 trillion – its biggest yearly gain since 2001. However, the substantial gains among these mega-cap stocks have led some analysts to deem them overvalued, with expectations for a more widespread rally in the coming year.
Source: yahoo.com
