Since its after hours low seen just 18 hours ago, Nvidia has added $380 BILLION of market cap.
In other words, Nvidia has added as much market cap as the entire value of Costco, $COST, in 18 hours. This comes after the stock erased $1 TRILLION of market cap over the last 5 weeks. Source: The Kobeissi Letter
BREAKING: Nvidia, $NVDA, has now erased $1 TRILLION of market cap since its all time high set on June 20th.
In other words, $NVDA has erased $200 billion of market cap PER WEEK over the last 5 weeks. The stock is now down ~27% from its recent all time high. In just 5 weeks, Nvidia has erased as much market cap as 1.5 TIMES the entire value of Tesla, $TSLA. This also equals roughly the same value as the market cap of Berkshire Hathaway. Source: The Kobeissi Letter
Nvidia $NVDA coming in for its first test of the 50D moving average since early May
Source: Barchart
Some wild figures...
$NVDA Source: Aakash Gupta
A visual overview of the world's 10 largest public semi conductor companies' market caps:
$NVDA $TSM $AVGO $ASML $TXN $ARM $AMAT $QCOM $AMD Source: Quartr
NVIDIA vs. the tiny mining sector
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Nvidia $NVDA P/E hardly changed last 18 months
Source: Mike Zaccardi, Goldman Sachs
Nvidia in 2024 vs. Cisco Systems in 2000..
Nvidia recently earned the most valuable company in the world status with an EV of $3.3 trillion, a record 11.7% of total US GDP at its recent peak on June 18, more than twice as high as Cisco’s achievement in 2000. It also has an even richer multiple of 41 times revenues. Will be future growth be up to the lofty market expectations? Source: Crescat Capital, Bloomberg, Tavi Costa
