Reported about 22 hours ago
Nvidia has made history as the first public company to attain a market capitalization of $5 trillion, driven by soaring demand for its graphics processing units (GPUs) in the AI sector. Since early 2023, the technology firm has seen its stock price surge, with 23% of mutual funds and ETFs having exposure to Nvidia, translating to approximately $1.3 trillion in market value. Notably, the company's market cap grew from $4 trillion to $5 trillion in just 79 trading days, significantly contributing to the S&P 500's gains this year.
Source: YAHOO