Nvidia's Stock Surge Adds $500B of Value, Close to Tesla's Market Cap
Microchip maker Nvidia is now worth $1.7 trillion, or almost as much as Amazon, following a 228% stock surge over the past 12 months.
Source: businessinsider.com
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Microchip maker Nvidia is now worth $1.7 trillion, or almost as much as Amazon, following a 228% stock surge over the past 12 months.
The company's stock could rise more than 90% over the next two years.
Nvidia traded as high as $666 per share on Friday, with the stock buoyed by optimism over AI expressed in mega-cap earnings this week.
Super Micro Computer stock has soared 585% over the past year, more than double Nvidia's stock price performance of 210% over the same time period.
The S&P 500 and Nvidia stock just reached all-time highs.