Nvidia investors thinking about taking profits should ask 3 questions
Is Nvidia's $3T Surge a Bubble About to Burst?
Nvidia has experienced a significant surge in its stock value, more than tripling last year and doubling again in 2024, driven by the booming demand for AI technology. The company's market cap is nearing $3 trillion after a post-earnings streak added over $500 billion in value, surpassing the combined market caps of its competitors, AMD and Intel. Investors are advised to consider discipline over conviction, reflecting on their investment strategy amidst Nvidia's impressive performance.
What is the current market capitalization of Nvidia as it approaches the $3 trillion mark?
Nvidia's current market capitalization is approaching the $3 trillion mark as the company continues to ride the artificial intelligence wave sweeping Wall Street. The chip giant has added more than $500 billion in stock market value since May 22, 2024, with its three-session post-earnings winning streak. This impressive growth has made Nvidia's market cap nearly $100 billion bigger than the combined market capitalization of its rivals Advanced Micro Devices and Intel.