by Domethegoon
Nvidia’s market cap soars to $1.7 trillion, adding $750 billion in just 70 days, raising eyebrows over its valuation. With 2023 earnings at $4.37 billion compared to Microsoft’s $72 billion, questions arise about the sustainability of this remarkable ascent. Is the hype justified, or is there a looming reality check for Nvidia’s staggering valuation?
This is incredible:
On October 31st, 2023, Nvidia, $NVDA, had a market cap of ~$950 billion.
Since then, Nvidia is up 79% and just hit an all time high market cap of $1.7 trillion.
In other words, Nvidia has added $750 BILLION in market cap in 70 trading days.
That's an… pic.twitter.com/15QWG5dkrU
— The Kobeissi Letter (@KobeissiLetter) February 6, 2024
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