NVIDIA $NVDA reaches a $3T valuation and overtakes Apple $AAPL as the 2nd largest company globally.
Source: App Economy Insights
Nvidia $NVDA Free cash flow vs share price
Source: Koyfin
Just 3 stocks - Microsoft $MSFT, Nvidia $NVDA, and Apple $AAPL - now account for 20% of the S&P 500
Source: Barchart
Nvidia, $NVDA, was up another 6% yesterday (including after hours) moving to a record $1,237/share.
This puts the stock up 155% in 2024 ALONE, adding $1.83 TRILLION of market cap. To put this in perspective, Nvidia has now added as much market cap as the entire value of Amazon, $AMZN, in 6 months. 10 years ago Apple had a market cap 53x higher than hashtag#Nvidia. Today, Nvidia ended the day with a market cap of $3 trillion, surpassing Apple to become the 2nd largest company in the world. Note that Nvidia has also accounted for almost HALF of the S&P 500's YTD market cap gain... Source: Charlie Bilello. The Kobeissi Letter
Another NVDA chart
Source: zerohedge
Nvidia $NVDA hit a new all-time high today of $1,166 and has passed Apple to become the 2nd largest holding in the S&P 500.
$SPY $NVDA $AAPL Source: Charlie Bilello
Tech CEOs are the new modern day rockstars $NVDA
Source: Trendspider
Nvidia is within single digits now of becoming the world's most valuable company $NVDA
•5% away from Apple •6% away from Canada •9% away from Microsoft Source: Bloomberg, HolgerZ
