This post is also available in:
简体中文 (Chinese)
Wall Street’s strong interest in AI has pushed Nvidia’s market capitalization to surpass Amazon for the first time and approach Google’s parent company Alphabet.
According to data from the London Stock Exchange Group, Nvidia’s stock price has soared 40% since 2024, with a market value of US$1.715 trillion, only about 3% lower than Amazon and less than 6% different from Alphabet.
Morgan Stanley raised its target price for Nvidia from $603 to $750 per share, saying demand for artificial intelligence continues to surge.
Nvidia is currently the fifth largest company in the U.S. stock market by market capitalization, behind Amazon, Alphabet, Apple and Microsoft.
(Source: enanyang Image source: unsplash)
