If You Had Invested $500 in Nvidia's IPO 25 Years Ago, Here's How Much You'd Have Today
Nvidia 'recaptures first place'.
LSEG data shows that nvidia's market cap once reached $3.53 trillion, slightly higher than apple's $3.52 trillion, and by the end of the trading day, the market cap slightly dropped to $3.47 trillion, below apple. Year to date, nvidia's stock price has surged by almost 190%.
Social Buzz: Wallstreetbets Stocks Mostly Higher Premarket Monday; Trump Media & Technology Group, Advanced Micro Devices to Gain
BofA's Hartnett: The election will strengthen Wall Street's four core trades, but inflation and economic downturn will reverse everything.
Bank of America analyst Hartnett pointed out that the four core trading strategies on Wall Street now are, bearish on bonds, bullish on gold and technology stocks. Tightening immigration policies may trigger inflation, leading to further increase in gold prices. The market is worried that Fed rate cuts may lead to inflation and overheating of the economy, with bond yields unexpectedly rising after the rate cut, causing US stocks to become more concentrated. Now is not a good time to buy bonds and stocks.
Hedge Funds Are a Lot More Skittish for This Round of Magnificent 7 Earnings
The battle for market cap supremacy among the three technology giants has begun! Who will be the first to break through 4 trillion?
Analysts at Wade Bush Securities believe that Apple, Nvidia, and Microsoft are gradually breaking through the $3 trillion market cap mark and heading towards $4 trillion. The analyst believes that Apple will be the first US company to reach a $4 trillion market cap, followed by Nvidia and Microsoft.