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Nvidia (NVDA), a leading company in the artificial intelligence (AI) and semiconductor industry, has been experiencing incredible growth. Recently, the company’s stock surged past the $1, 000 mark for the first time, reaching a market value of over $2.5 trillion. This achievement comes less than a year after Nvidia’s market cap hit $1 trillion. Nvidia’s stock continued to climb on Tuesday, showing no signs of slowing down.
Aiming for the Top
With Nvidia’s impressive earnings and sales growth, it seems poised to become the world’s most valuable company, potentially overtaking giants like Apple (AAPL) and Microsoft (MSFT). Last week, Nvidia’s stock jumped 15.1%, reaching a record high of $1, 064.19. This surge boosted its market cap by $338 billion, bringing it to $2.661 trillion as of May 24. Currently, Nvidia is just behind Apple, valued at $2.913 trillion, and not far from Microsoft at $3.196 trillion.
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