What’s going on with Nvidia stock and the booming AI market?
Nvidia continues to grow as it surpassed the $3 trillion mark on June 18, 2024, before dipping just below $3 trillion at the end of August 2024.
As of November 2024, Nvidia is the largest-listed U.S. company based on market capitalization value surpassing Apple with its market cap reaching more than $3.6 trillion. In the middle of 2023, Nvidia passed the $1 trillion mark and was more valuable than Amazon and Alphabet, Google’s parent company. In just nine months, the company’s market worth increased from $1 trillion to $2 trillion in February 2024, and it took only three months to reach $3 trillion in June 2024.
Nvidia stock has seen its ups and downs. Even after reporting impressive growth numbers, Nvidia stock was down as much…
