Nvidia Extends Lead As World’s Most Valuable Company, Set To Add $100bn In Market Cap By Investing.com | Old North State Wealth News
Connect with us


Nvidia extends lead as world’s most valuable company, set to add $100bn in market cap By Investing.com



Shares in Nvidia (NASDAQ:) rose more than 3% in premarket trading on Thursday, further extending its lead over other mega-cap tech firms like Microsoft (NASDAQ:) and Apple (NASDAQ:).

The latest uptick provides yet another boost for NVDA’s market cap, with the chipmaker set to add around $100 to its valuation should it hold onto current gains.

Nvidia has become the world’s most valuable company after its share price reached an all-time high on Tuesday. The company’s market cap now stands at $3.34 trillion (£2.63 trillion), with the stock price nearly doubling since the start of the year.

The stock closed at almost $136, up 3.5%, surpassing Microsoft in value and overtaking Apple earlier this month. Nvidia’s relentless ascent is driven by its dominance in producing AI chips, which analysts call “new gold or oil in the tech sector.”

Other stocks that saw notable premarket gains Thursday include Dell Technologies (NYSE:), which rose 2.8%, while Super Micro Computer (NASDAQ:), Micron (NASDAQ:), and Hewlett Packard Enterprise (NYSE:) climbed 2.9%, 2.2%, and 2.4%, respectively.

Read the full article here


Copyright © 2022 ONSWM News. Content posted on the Old North State Wealth News page was developed and produced by a third party news aggregation service. Old North State Wealth Management is not affiliated with the news aggregation service. The information presented is believed to be current. It should not be viewed as personalized investment advice. All expressions of opinion reflect the judgment of the authors on the date the articles were published. The information presented is not an offer to buy or sell, or a solicitation of any offer to buy or sell, any of the securities discussed.