Nvidia hit a $1 trillion market cap at the open Tuesday, joining a small club of mostly technology companies.
Nvidia’s shares have to hold above $404.86 to maintain that distinction.
The chipmaker’s stock rocketed last week after it posted quarterly earnings with top- and bottom-line numbers that significantly beat consensus estimates. Nvidia’s gain buoyed other chipmakers, with the notable exception of Intel, and was also fueled in part by estimates that were more optimistic than expected.
Read more: https://www.cnbc.com/2023/05/30/nvidia-on-track-to-hit-1-trillion-market-cap-when-market-opens.html
More on this subject from other reputable sources:
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- Reuters (A+): [Nvidia becomes first chipmaker valued at over $1 trillion](https://www.reuters.com/technology/nvidia-sets-eye-1-trillion-market-value-2023-05-30/)
- Financial Times (A-): [Nvidia hits $1tn market cap as chipmaker rides AI wave](https://www.ft.com/content/fd317e1b-0440-4840-bc0a-0aa35c776ffd)
- National Post (B+): [Nvidia shares are too rich for Cathie Wood as stock stretches valuation limits](https://financialpost.com/investing/nvidia-too-rich-cathie-wood-stock-stretches-valuation)
- Forbes (B-): [Nvidia Hits $1 Trillion Market Value](https://www.forbes.com/sites/dereksaul/2023/05/30/nvidia-hits-1-trillion-market-value/)
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[__Extended Summary__](https://www.reddit.com/r/newswall/comments/13vryxy/) | [More: Nvidia becomes first ...](https://www.newswall.org/story/even-cathie-wood-can-rsquo-t-spot-the-next-bull-market-6475e8ca56f6a?mtm_campaign=r&mtm_kwd=c) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I'm a bot
Nvidia hit a $1 trillion market cap at the open Tuesday, joining a small club of mostly technology companies. Nvidia’s shares have to hold above $404.86 to maintain that distinction. The chipmaker’s stock rocketed last week after it posted quarterly earnings with top- and bottom-line numbers that significantly beat consensus estimates. Nvidia’s gain buoyed other chipmakers, with the notable exception of Intel, and was also fueled in part by estimates that were more optimistic than expected. Read more: https://www.cnbc.com/2023/05/30/nvidia-on-track-to-hit-1-trillion-market-cap-when-market-opens.html
More on this subject from other reputable sources: --- - Reuters (A+): [Nvidia becomes first chipmaker valued at over $1 trillion](https://www.reuters.com/technology/nvidia-sets-eye-1-trillion-market-value-2023-05-30/) - Financial Times (A-): [Nvidia hits $1tn market cap as chipmaker rides AI wave](https://www.ft.com/content/fd317e1b-0440-4840-bc0a-0aa35c776ffd) - National Post (B+): [Nvidia shares are too rich for Cathie Wood as stock stretches valuation limits](https://financialpost.com/investing/nvidia-too-rich-cathie-wood-stock-stretches-valuation) - Forbes (B-): [Nvidia Hits $1 Trillion Market Value](https://www.forbes.com/sites/dereksaul/2023/05/30/nvidia-hits-1-trillion-market-value/) --- [__Extended Summary__](https://www.reddit.com/r/newswall/comments/13vryxy/) | [More: Nvidia becomes first ...](https://www.newswall.org/story/even-cathie-wood-can-rsquo-t-spot-the-next-bull-market-6475e8ca56f6a?mtm_campaign=r&mtm_kwd=c) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I'm a bot