"So what's it been like trading in 2024 so far?" 🙃
Source: Trend Spider
Mag 7 profit growth is 50% NVDA!
Source: Bloomberg
.. here’s the incredible part .. when the market bottomed in Oct of 2022, $NVDA had a market cap of $280bn and a 12-month forward P/E of 32x.
“.. on Thursday, it added $276bn of market cap in one day alone, rounding up to $2tr, and the P/E is now ... 33x.” Source: Carl Quintanilla
Should Nvidia have a higher market cap than Google and Amazon?
$NVDA $GOOGL $AMZN Source: Charlie Bilello
Yesterday was one of the most distorted markets we've seen yet. Just 2% of the index contributed over 60% of the bullish momentum.
That means ONLY TEN companies were the cause of well over half of the move in $SPX yesterday. $NVDA single handedly contributed an additional 50bps to the return in $SPX. Source: Hedgeye
Nvidia has now surpassed Germany's DAX in market capitalization.
Valued at just under $2 trillion, the chip company, established in 1993, now exceeds the total value of the DAX, which includes 40 companies, some over 130 years old. Source : HolgerZ
Nvidia has added nearly $250 billion in market cap so far today.
This puts the stock on track to post the biggest single-day market cap gain in stock market history. The previous record? -) Meta, 20 days ago ... source : The Kobeissi Letter, bloomberg
Nvidia, $NVDA, has added nearly $250 billion in market cap so far today.
This puts the stock on track to post the biggest single-day market cap gain in stock market history. The previous record? It was Meta, $META, just 20 days ago after reporting their quarterly earnings. Nvidia is now just 5% away from being the third US company with a $2 trillion+ market cap. Big tech stocks are getting bigger. Source: The Kobeissi Letter, Bloomberg
