"AI has gone from being a media phenomenon to becoming a reality"
“This achievement is driven by an unprecedented rally as AI has gone from a media phenomenon to a reality,” says Ben Laidler, global markets strategist at investment and trading platform eToro.
NVIDIA is now the largest company by market capitalization in the S&P 500 index and in the world. This achievement is driven by an unprecedented surge as AI has gone from a media phenomenon to a reality.
NVIDIA's sales rose 260% last quarter compared to a year ago, and its profits have grown tenfold since the rebound began in earnest in late 2022. The company's advantage as a first-mover in GPU chips has provided strong boosts to both volume and pricing power.
Retail investors around the world have played their part, as the stock is currently the fourth most bought on the eToro platform, with a 41% increase in the number of holders in the last three months, the largest of all the majors. values.
The S&P 500 has only seen 12 companies hold the title of largest market capitalization in the last century. Companies like General Electric, General Motors, Cisco, Philip Morris, DuPont and AT&T remind us that success does not last forever. Many of the best companies fade over time as competition catches up or they are disrupted by the next big technology.
This content is for informational and educational purposes only and should not be considered investment advice or an investment recommendation. Past performance is not an indication of future results. CFDs are leveraged products and carry a high risk to your capital.
