NVIDIA became the fifth company to reach $1 trillion in market capitalisation, with its stock price increasing more than 2.5 times since the beginning of the year.
Here's What We Know
After the quarterly report, NVIDIA stock began to price skyrocket. In one day the market capitalization of the company increased by almost $ 200 billion. The graphics chip maker has no plans to stop. He predicts that sales in the current quarter will reach $ 11 billion.
For the market capitalization of NVIDIA to exceed $1 trillion, the value of the securities should be at least $400.86. At the time of this writing, the stock is trading at $401.11 per share.
NVIDIA became the fifth company with $1 trillion or more in market capitalization. Amazon ($1.232 trillion), Alphabet ($1.587 trillion), Microsoft ($2.475 trillion), and Apple ($2.759 trillion) also make the list.