Reported 8 months ago
NVIDIA, the AI chip leader, reached a historic high stock price on June 18th, pushing its market cap to $3.34 trillion, surpassing Microsoft to become the world's largest market cap for the first time. Analysts are bullish on NVIDIA as a major beneficiary of the ongoing AI trend, projecting its market cap to reach $5 trillion in the coming year. With a strong performance in the first quarter and a 181% year-to-date surge in stock price, NVIDIA's CEO Jensen Huang's wealth has soared, ranking 11th on the Forbes billionaire list. As NVIDIA continues to rise, the S&P 500 and Nasdaq indices both hit record highs. Analysts foresee NVIDIA's market cap reaching nearly $5 trillion in the future, with a potential 50% further increase in stock price.
Source: YAHOO