Reported 6 months ago
Nvidia's stock reached record highs, valuing the company at over $3 trillion and surpassing Apple Inc, with plans for a ten-for-one stock split on June 7. The company's valuation has soared due to strong demand for AI processors from tech giants like Microsoft, Meta Platforms, and Alphabet. Nvidia added $150 billion in market capitalization, surpassing the value of AT&T Inc, with analysts predicting potential market vulnerability if key tech stocks falter. Nvidia's plans to invest in Taiwan and secure new suppliers such as Intel have signaled future growth, maintaining its lead as an AI beneficiary. The stock has gained over 217% in the last 12 months, and investors can access it through SPDR S&P 500 and iShares Core S&P 500 ETF.
Source: YAHOO