×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: nvidia market cap | stock market | ai | semiconductor

Nvidia Runaway Winner in May's Market Cap Surge

Nvidia Runaway Winner in May's Market Cap Surge
(AP)

Thursday, 01 June 2023 09:02 AM EDT

Nvidia Corp.'s market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data.

The chipmaker briefly joined the $1 trillion valuation club, as investors bet on its potential to become a major beneficiary of a boom in artificial intelligence following a revenue forecast that was more than 50% above the Wall Street estimate

The company's shares are up 159% so far this year.

Taiwan Semiconductor Manufacturing Co. Ltd., a key manufacturer of Nvidia's chips, also saw a big jump in its market cap last month.

Saudi Arabian Oil and Exxon Mobil Corp. were the biggest losers in terms of market cap, hit by a decline in oil prices last month.

Apple and Microsoft led the list with the highest market capitalization in the world.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Nvidia Corp.'s market capitalisation jumped the most in May among the top 20 global companies by market value, adding $248 billion, with a majority of the gains coming in the last four sessions, according to Refinitiv data.
nvidia market cap, stock market, ai, semiconductor
148
2023-02-01
Thursday, 01 June 2023 09:02 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved