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BREAKING: Nvidia, $NVDA, officially hits a record market cap of $1.5 trillion and is now up 27% in 2024
Over the last 3 weeks, Nvidia has added $320 billion in market cap. Since the October 2023 low, Nvidia's market cap is up nearly $600 billion. The stock is also just 6% away from surpassing Amazon as the 5th largest public company in the world. Just 2 years ago, Nvidia had a market cap of $300 billion. Source: The Kobeissi Letter
Total Put/Call Ratio dropped to 0.77 on Friday, one of the lowest levels in the last 2 years
Source: Barchart
EV sales are projected to grow 21% this year to 16.7 million vehicles, with China commanding nearly 60% share in Bloomberg’s outlook
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The put/call ratio is as low as at the DotCom peak
Source: The Daily Shot, WinSmart
CBOE Volatility Index $VIX jumps to highest level in more than 2 months
Source: Barchart
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