Nvidia Corporation (NVDA) has seen a remarkable surge in its market value, with significant movements in its stock price and market capitalization that have drawn widespread attention from Wall Street and investors. After erasing an earlier 3.6% decline, Nvidia's stock was up more than 1%, reflecting a volatile trading day. This comes amid a broader rally for the company, which has seen its market cap briefly surpass $1.83 trillion, overtaking Alphabet's $1.81 trillion, and positioning it as a contender to become the most valuable company in the world. Several financial institutions, including UBS, Mizuho Securities, and Susquehanna, have raised their price targets for Nvidia, with UBS setting a new target at $850, up from $580, Mizuho Securities raising theirs to $920 from $750, and Susquehanna to $850 from $625. This bullish outlook is largely driven by Nvidia's dominance in the artificial intelligence (AI) sector, where it reportedly commands an 80% share of the high-end AI chip market, thanks to high demand for its H100 GPU. The company's market cap has now exceeded that of the entire energy sector and is equivalent to the market cap of all Chinese companies listed on the Hong Kong Stock Exchange, hitting $1.7 trillion. As Nvidia approaches a major market milestone with its upcoming earnings report, the anticipation builds over whether its stock can maintain its dominant position, especially after being up 2.3% in Wednesday morning trading.
Most valuable companies in the world. Here's how STAT <GO> on @TheTerminal looks right now: ranked by market cap. 1) $MSFT 2) $AAPL 3) Aramco 4) $NVDA 5) $GOOGL... 6) $AMZN 7) $META 8) $BRK 9) $LLY 10) $TSLA https://t.co/MrNzSUPFQk
Ahead of its earnings report next week, $NVDA has edged past $GOOGL in market value, approaching $2 trillion. Can #Nvidia stock stay dominant? I argue both sides in the latest On the Other Hand, on @SquawkCNBC. $SMCI https://t.co/vqJdUevSaf
Yesterday $NVDA became the 4th largest company in the world by market cap; and the 3rd largest in the United States. https://t.co/vjP8t5tUfi
Wall Streetโs favorite #AI darling is continuing to swell to staggering heights @Nvidiaโs market capitalization rose to $1.83 trillion on Wednesday, nudging past Alphabetโs $1.82 trillion market cap https://t.co/GcqvS9Z1JD #AI #HPC #GPU
$NVDA is now the fourth largest company in the world, overtaking $GOOGL and $AMZN Do you think it's sustainable? https://t.co/9nQgm2EOLF
$NVDA is now the third largest company in the world, overtaking $GOOGL Do you think it's sustainable? https://t.co/WtFlMTkSDv
Top 100 Holdings Ranked By Value Across All 13F Filings, 2023-12-31 $MSFT, $AAPL, $AMZN, $NVDA, $GOOGL, $SPY, $META, $GOOG, $LLY, $TSLA, $UNH, $AVGO, $V, $JPM, $BRK/B, $MA, $QQQ, $IVV, $JNJ, $XOM, $HD, $PG, $ADBE, $MRK, $COST, $CRM, $CVX, $ABBV, $BAC, $IWM, $AMD, $NFLX, $KO,โฆ https://t.co/kn92RAiwut
$NVDA has now become the 3rd largest company in the U.S. passing both $GOOG and $AMZN.
Nvidia surpasses Alphabet's market cap, Andrej Karpathy leaves OpenAI, and Meta urges EU to enforce spyware policies https://t.co/nT1OMoadbP
Wow NVIDIA ($1.83T) surpassed Google ($1.82T) in market cap today. Google's free cash flow in 2023 was $69.50B which is higher than NVIDIA's 2023 expected revenue (~$59B)
Nvidiaโs rally has been relentless this year. The stock has climbed about 49% and added $602 billion in value, boosted by the world's insatiable demand for AI chips. https://t.co/49zKtwTr0M
Nvidia's market value briefly hit $1.83 trillion surpassing Alphabet's $1.81 trillion, days before it announces its fourth-quarter results https://t.co/JKAn1JhG0Z https://t.co/R85qrtxJfG
#FPTech: NVIDIA up by 49 per cent in 2024, surpasses Google's Alphabet in market cap days after taking down Amazon https://t.co/jObHOnXlmC
Oh boy - $MSFT $AAPL $GOOGL $AMZN $NVDA https://t.co/KUOZfmitQR
WATCH: Nvidia's market value briefly hit $1.83 trillion surpassing Alphabet's $1.81 trillion, days before it announces its fourth-quarter results https://t.co/QYIT3Qma9q https://t.co/kA9tusPknf
Magnificent 7 Total Returns, 2022-24... Nvidia $NVDA: +152% Meta $META: +41% Microsoft $MSFT: +24% S&P 500 $SPY: +8% Apple $AAPL: +5% Amazon $AMZN: +3% Google $GOOGL: +1% Tesla $TSLA: -46% https://t.co/0PUFcYw38M
๐ฅ (Reuters) - Several well-known funds jumped into shares of chipmaker Nvidia at the end of last year, securities filings showed on Wednesday, potentially setting themselves up to benefit from the nearly 50% gain the stock has notched so far in 2024. Nvidia has been a topโฆ https://t.co/M1rmBex1he
2024 valuations: Nvidia: $1.8 trillion Intel: $185 billion 2004 valuations: Intel: $200 billion Nvidia: $4 billion
Nvidia was up 2.3% in Wednesday morning trading, while Alphabetโs stock was only up 0.2%. The intraday action makes $NVDA the third-largest U.S. company by market capitalization. https://t.co/s1K3KWyV43 https://t.co/9DxBcp5ROk
We are officially 1 week away from Nvidia $NVDA earnings ... get ready ๐ https://t.co/MF0uZ6f2IX
Market caps of Nvidia, Google, and Amazon: https://t.co/w7begLOt6R
Nvidia $NVDA reportedly commands 80% share of the high-end AI chip market, as demand for its H100 GPU remains extremely high.
Nvidia Rockets Past Google, Thanks to AI! Is This Chipmaker Unstoppable? - Gizmochina https://t.co/h6FDFFNIiD https://t.co/UqnjvgJfiE
NVIDIA will soon overtake Saudi Aramco in market valuation. Chips to become the new Oil soonโฆ https://t.co/WGCiwq0MhE
$AMD prediction set. #AMD $NVDA #AI Where do you think it goes? https://t.co/ZubfKWMQOg
$NVDA overtakes $GOOGL Only 2 more left. https://t.co/41tjA93uv7
$NVDA Guess who's back, Back again? https://t.co/lgjWB2Wayh
Here's the updated top 5 largest ๐บ๐ธ listed companies ๐ฅ Microsoft $MSFT ๐ฅ Apple $AAPL ๐ฅ Nvidia $NVDA 4th Google $GOOGL 5th Amazon $AMZN https://t.co/iWr1HvdzQV
$NVDA Nvidia is now worth the same as the whole Chinese stock market as defined by Hong Kong-listed H-shares, The company's market cap has hit $1.7 trillion, the same as all Chinese companies listed on the Hong Kong Stock Exchange.
Nvidia nears major market milestone as AI hype puts earnings in new focus https://t.co/vS40nBmqgj
$NVDA: Susquehanna Raises target price to $850 from $625
Never forget, this time itโs different. $NVDA https://t.co/8r6QOa2f1Y
"Semiconductor superpower Nvidia Corp.โs market value alone is now bigger than the entire energy sector." $NVDA $XLE @liamdenning https://t.co/NY3a0XEHMx
โ ๏ธ JUST IN: *NVIDIA MARKET CAP THREATENS ALPHABET AFTER OVERTAKING AMAZON https://t.co/nw5Xz6SpWD ๐ $NVDA $GOOGL $AMZN https://t.co/QoGcI3aTmC
#FPTech: After Amazon, NVIDIA is now at a striking distance from Google's Alphabet https://t.co/iiR4FRwY2A
Nvidia leapfrogs over Amazon to become the fourth largest tech firm by market cap. Can it surpass Google, too? https://t.co/NCoiuP01EB
Nvidia Market Cap Threatens Alphabet after Overtaking Amazon https://t.co/5LLINU35kG
#Nvidia's red-hot rally to start 2024 has Wall St rushing to keep up, w/at least 5 firms hiking price targets on the artificial intelligence-darling this month. This week, UBS lifted its target to $850 from $580, Mizuho raised its target to $825 from $625. Demand for Nvidiaโsโฆ https://t.co/rGlN4RazBk
Analysts unveil new stock price target for Nvidia ahead of earnings https://t.co/4jcN1QMldx
$NVDA market cap threatens $GOOGL after overtaking $AMZN https://t.co/yvafmPoNMT https://t.co/EduANNFs33
$NVDA investors and traders are buying the dips, any dips, in any timeframe.
NVIDIA IS NOW JUST 1 BLOWOUT EARNINGS AWAY FROM BEING THE MOST VALUABLE COMPANY IN THE WORLD $NVDA https://t.co/v8ROiNg03W
Mizuho Securities raises price target of Nvidia, $NVDA, to $920 from $750
$NVDA is priceless because people will pay any price to buy the chips they built. Stable. Exponential. Margin. Expansion. https://t.co/HIa9frH3BE
'Nvidia's red-hot rally to start 2024 has Wall Street rushing to keep up, with at least five firms hiking price targets on the artificial intelligence-darling this month.' https://t.co/aZQsyZKAYG https://t.co/ePNcBI4Uw8
Just made a monster prediction of where $NVDA will be in one hour. Check it out here before it expires https://t.co/dO9cNB1iYN
UBS today raised its price target on Nvidia $NVDA to $850 up from $580 while maintaining its Buy rating
They have no choice but to juice $NVDA all day everyday. Everything is riding on keeping this bubble intact. $spy $qqq
๐ด UBS RAISES NVIDIA TARGET PRICE TO $850 FROM $580.
$NVDA may never go down again
$NVDA โ NVIDIA UP MORE THAN 1% AFTER ERASING EARLIER 3.6% DECLINE
Every dip in $NVDA is treated as a generational buying opportunity. The bubble isnโt over yet. $spy $qqq $arm $vix