Nvidia is Now The Second-Largest Company in The US Market

[Shortbread]

Nvidia stock pulls back after topping $3 trillion market cap mark

Nvidia stock retreated in early trading Thursday, a day after the company's market cap topped $3 trillion.

www.yahoo.com

Nvidia's stock surged over 5% to a record high, surpassing Apple to become the second-most-valuable company in the US stock market, with a market cap above $3 trillion.

The company's rally was driven by a broader gain in tech stocks, softer US economic data, and a decline in Treasury yields, with investor enthusiasm in AI fueling Nvidia's stock, which has soared over 140% this year and 200% over the last year.

Nvidia announced plans to release high-powered versions of its Blackwell and Rubin chips in the coming years, solidifying its position as the tech industry's go-to supplier for AI chips and integrated software, despite growing competition from companies like AMD and Intel.

Shares of Nvidia (NVDA) climbed more 5% on Wednesday, reaching a record high of $1,224.40 and giving the company a market cap above $3 trillion for the first time ever.

The stock's advance pushed Nvidia past Apple, making it the second-most-valuable company in the US stock market. Microsoft currently holds the top spot.

I purchased a nice sum of shares during the early 2000s, so my investment portfolio is like...

 

[Shortbread]

Nvidia overtakes Microsoft to become world's most valuable public company

 

[MfA]

Seems a bit fragile to keep betting the farm on AI.

Time for NVIDIA to make their own mobile/desktop operating systems and online services

 

[Deleted member 87499]

ARM can't be bought for Nvidia or Intel/AMD will be doomed.

And i am not a Nvidian, instead an Intel/Radeon fan.

 

[MfA]

Having ARM doesn't really make their processors more powerful or give them much market advantage, it just protects them from ARM trying to hold them over a barrel.

Given how much Apple had to lean into process advantage and mm2, I don't give NVIDIA much better chance ... and Apple had a captured audience they could much more easily move along.