Nvidia in the US continued to rise on the 23rd following the previous day, breaking its all-time high. Nvidia’s market capitalization exceeded $2 trillion at one point during the day. /UPI Yonhap News
Nvidia, an American maker of semiconductors for artificial intelligence (AI), broke its all-time high for two consecutive days thanks to continued demand for AI chips. Nvidia’s market capitalization exceeded $2 trillion (about 2,660 trillion won) at one point during the day.
On the New York Stock Exchange on the 23rd, Nvidia’s stock price rose 2.79 points (0.36%) from the previous day, breaking an all-time high. On the 22nd, Nvidia rose 16.4% from the previous day and ended trading at a record high of $785.38. NVIDIA’s market capitalization once exceeded $2 trillion, rising 4.9% to $823.94 shortly after today’s open. Nvidia’s upward trend is believed to be influenced by the performance announced after the stock market closed on the 21st. NVIDIA announced that its sales and net profit in the fourth quarter of last year increased by 265% and 769%, respectively, compared to the same period last year.
NVIDIA’s stock price is showing a steep rise, more than tripling last year and rising around 60% this year. The Wall Street Journal said on this day, “Nvidia took eight months to grow from $1 trillion in market capitalization to $2 trillion in market capitalization because of the AI crash,” and “Many market experts say that the depth and complexity of the market. the software Nvidia has built over the years makes it easy for competitors to overtake Enveia.” “They say they won’t be able to erode Dia’s advantage,” he said.
Currently, Microsoft and Apple are the only US listed companies with a market capitalization of more than $2 trillion. Wall Street raises its target stock price for Nvidia. Bank of America (BoA) expects $925, and JP Morgan expects $850. To reach a market capitalization of $2 trillion, Nvidia’s stock price must exceed $800.
Meanwhile, on this day, the New York stock market’s Dow Average and S&P 500 rose following the previous day and again exceeded their all-time highs. The Dow Average rose 62.42 points (0.16%) from the previous day to 39,131.53, and the S&P 500 rose 1.77 points (0.03%) to a record 5,088.80. Nasdaq, focusing on technology stocks, lost 44.80 points (0.28%) and closed at 15,996.82.
–
🌎 Global issues selected by Chosun Ilbo’s International Section! Subscribe to the newsletter ☞ https://page.stibee.com/subscriptions/275739
🌎Solve the international quiz and receive gifts! ☞
#NVIDIA #price #hits #record #high #market #capitalization #exceeds #trillion #point #day
