NASDAQ Hits Record Close
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Nvidia, Stock
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NVIDIA hits $4 trillion in market cap milestone
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Nvidia, Market Cap
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Even with growth going strong and the future looking bright, investors might wonder if buying Nvidia now, at a new high, is a good idea. The stock trades for 35 times forward earnings estimates, higher than a few weeks ago, but lower than a peak of more than 50 just a few months ago.
To me, Nvidia may have put AMD in a checkmate position for the time being. I think these figures reported could imply that Nvidia will remain the leader in AI data center chips and could be on its way to a new, prolonged, and sustained wave of growth.
Nvidia stock trades at $164.10 after hitting a $4 trillion market cap. Analysts eye AI growth and China talks as next catalysts.
Nvidia (NASDAQ: NVDA) may be the most watched stock in the market, as it's a bellwether for artificial intelligence (AI) buildout progress. Most of Nvidia's revenue comes from graphics processing ...
If Palantir Technologies (NASDAQ: PLTR) and Nvidia (NASDAQ: NVDA) were in the stock equivalent of a boxing match, we'd have a technical knockout so far this year. Palantir has crushed Nvidia, with its shares skyrocketing close to 70%, while Nvidia's stock is up by only a single-digit percentage.