Nvidia, stocks and Market Cap
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Nvidia ( NVDA 0.53%) is one of the hottest stocks on the market today. Over the past five years, Nvidia shares have soared in value by nearly 1,500%, including another 20% in the last 12 months. Think the run is over? Think again. Nvidia stock remains far cheaper than most investors realize due to one critical factor.
TheStreet. Nvidia shares (NVDA) climbed 1.2% to $166 on July 11 as the stock extended gains after becoming the first company ever to reach a $4 trillion market value. The milestone was hit on July 9,
Many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced. Get the story here.
Nvidia stock has regained its momentum in recent months and should be able to sustain it in the long run as well. Nvidia's market share and the potential data center revenue growth that it could clock should help double its market cap in the next three years.
Nvidia shares were down 0.8% at $162.86 in premarket trading, in line with a slump in wider market futures. The stock rose 0.8% on Thursday and the company became the first to close above $4 trillion, cementing its position as the world’s most valuable by market capitalization.
Stock-market breadth isn't looking too hot on Friday. Of the 503 individual issues in the S&P 500, just 72 were in the green recently, according to Dow Jones Market Data. That's on track for the lowest number of gainers in a single session since June 13.
Nvidia's market cap just hit $4 trillion, and it could rise further on positive market sentiment. Nvidia stock offers exciting opportunities for long-term investors. Nvidia (NASDAQ: NVDA) is back as the most valuable company in the world,
A Historic Valuation Milestone In a historic moment yesterday, Nvidia (NASDAQ:NVDA) became the first company ever to surpass a $4 trillion market valuation, cementing its dominance in the tech sector.