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
Nvidia $NVDA announced the next generation of its artificial intelligence processors on Sunday in a surprise move less than three months after its most recent launch.
At the Computex conference in Taipei, the chipmaker’s chief executive Jensen Huang unveiled “Rubin”, the successor to its “Blackwell” chips for data centres, which are currently in production after being announced in March. The unexpected move to reveal its next wave of products before Blackwell has even started shipping to customers shows how the world’s most valuable chipmaker is racing to entrench its dominance of AI processors, which has propelled it into the ranks of the world’s most valuable companies. “A new computing age is starting,” Huang said, as Nvidia also unveiled new AI chip deals with PC makers. Source: FT https://lnkd.in/edmWpGEZ
Abercrombie & Fitch $ANF making Nvidia $NVDA shareholders look poor...
Abercrombie & Fitch reported its financial results for the first quarter today. Here's what its CEO Fran Horowitz said in a press release on Wednesday. Abercrombie & Fitch stock is now up close to 70% versus the start of 2024. Source: Conor Mac, InvestmentTalkk
