šš $3 TRILLION CLUB: NVIDIA joins!
BOOSTS STOCK šš
Nvidia has reached a monumental milestone, becoming the third U.S. company to cross the $3 trillion mark, following in the footsteps of tech giants Apple and Microsoft. This remarkable achievement highlights Nvidia's dominant position in the tech sector, particularly as the biggest beneficiary of the AI boom.
š Record-Breaking Stock Performance:
On Wednesday, Nvidia's shares rose by 5.2% to approximately $1,224.4 each, pushing the company's market value past $3 trillion. This surge also contributed to new record highs for the S&P 500 and Nasdaq indexes. Year-to-date, Nvidiaās stock has soared 147%, building on a staggering 239% increase in 2023.
š¤ Leading the AI Revolution:
Nvidiaās CEO, Jensen Huang, recently announced the rollout of the companyās most advanced AI chip platform, Rubin, set for 2026. This platform will follow the Blackwell, which was already hailed as the "world's most powerful chip" when introduced in March. Nvidiaās dominance in AI semiconductor sales is evident, accounting for about 70% of the market.
š Analyst Insights:
According to Angelo Zino, senior equity analyst at CFRA Research, Nvidia is on track to become the most valuable company in the tech sector. Zino attributes this to Nvidiaās extensive opportunities to monetize AI and its significant market expansion.
š¹ Upcoming Stock Split:
In a move to make its shares more accessible to individual investors, Nvidia announced a 10-for-1 stock split. This split will take effect on June 10, potentially inviting a broader base of investors to participate in the company's future growth.
š Conclusion:
Nvidiaās entry into the $3 trillion club marks a historic achievement, driven by its leadership in AI and semiconductor technology. This is also great news for the crypto world, as NVIDIA cards are widely used for cryptocurrency mining. Let's hope that Nvidia will also double down on this sector!
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