Nvidia Corporation’s meteoric rise has propelled it to the position of the world’s fourth-largest company by market capitalization, fueled by a staggering sixteen-point four percent surge following a quarterly earnings report that surpassed expectations.
With a market cap swelling by seven hundred and forty point two billion dollars this year alone, Nvidia now ranks third in the United States, trailing only Microsoft Corp and Apple Inc, while standing behind only Saudi Aramco in market valuation, globally
The chipmaker’s shares have surged by fifty-eight point five percent in 2024, playing a pivotal role in the S&P 500’s performance, with analysts closely monitoring its potential for further gains.
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