Nvidia Tops Amazon

It seems like Nvidia is hitting a new milestone every day, so why would today be any different? 🤷

This morning, we saw a massive squeeze in shares of Arm Holdings, which soared more than 40% before pulling back midday. That led to other semiconductor stocks rising alongside it as investors’ optimism around the sector continued. 📈

The move also pushed Nvidia’s market cap to the fifth largest in the world, with it momentarily passing Amazon to claim that spot. For context, the last time the chip giant was worth more than Amazon was back in the early 2000s. After twenty years of underperformance, Nvidia is trying to claw its way back up. 🤯

We’ll have to see if it can snag that spot in the coming days and weeks as its epic run continues… 🥵

Learn More About...

More in   Stocks

View All

Can Meme Traders $SAVE Spirit Airlines?

When the Department of Justice successfully blocked the merger of JetBlue and Spirit Airlines earlier this week, we knew it would be an ongoing story. However, very few people saw it taking the turn it did today, with Dave Portnoy (aka “Davey Day Trader”) emerging from the shadows and rallying fellow retail traders behind the company.

Let’s see what happened. 👀

Read It

Microsoft Briefly Overtakes Apple

While most of the market focused on the spot Bitcoin ETFs beginning to trade today, the second-largest company in the world made a move on its sole competitor. 🔮

This morning, Microsoft’s market capitalization briefly crossed that of Apple’s, making it the largest company in the world. While it didn’t last, it does beg the question of which stock will lead the market going forward.

Read It

A New High In New Highs

Nvidia earnings re-ignited the animal spirits in the market, causing the stock and major indexes to reach several new milestones. Let’s check’em out. 👇

Firstly, a 16% rise in the stock today caused its market cap to rise $277 billion, the largest one-day increase of any stock in history. Secondly, today’s move put it firmly ahead of Google and Amazon as the fourth-largest stock in the world (Saudi Aramco not pictured below). It also moved it a stone’s throw away from $2 trillion. 🤩

Read It