Nvidia Nears $1 Trillion Market Cap: Here's How Much It Needs To Gain To Hit The Milestone - $NVDA
- 11 months ago
Nvidia stock skyrocketed immediately after the company reported a first-quarter beat and forecast strong revenue growth for the second quarter.
Nvidia Price Action: The stock, which ended Wednesday's regular session down 0.49% at $305.38, took off vertically in the after-hours session. The stock went as high as $386 and last traded at $380.65, up 24.63%, according to Benzinga Pro data.
The $75.22 the stock gained in the after-hours session translates to a market cap of roughly $186 billion, based on the 2.47 billion shares that are outstanding.
Market watchers were quick to point out that the incremental valuation Nvidia added in the after-hours session was more than the market cap either of its peers Advanced Micro Devices and Intel. The market cap of the latter two stood at $174.35 billion and $121 billion, respectively, at the close of trading.
Nvidia Price Action: The stock, which ended Wednesday's regular session down 0.49% at $305.38, took off vertically in the after-hours session. The stock went as high as $386 and last traded at $380.65, up 24.63%, according to Benzinga Pro data.
The $75.22 the stock gained in the after-hours session translates to a market cap of roughly $186 billion, based on the 2.47 billion shares that are outstanding.
Market watchers were quick to point out that the incremental valuation Nvidia added in the after-hours session was more than the market cap either of its peers Advanced Micro Devices and Intel. The market cap of the latter two stood at $174.35 billion and $121 billion, respectively, at the close of trading.