Tech Throne "Seating Change": NVIDIA surpassing Amazon is imminent, and not far from Alphabet-C

Wallstreetcn
2024.02.08 01:10
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NVIDIA's market value has reached $1.73 trillion, approaching Amazon's market value of $1.77 trillion.

NVIDIA's market value is about to surpass Amazon's for the first time in 20 years.

As of the close on February 7th, NVIDIA's market value reached $1.73 trillion, approaching Amazon's market value of $1.77 trillion, and not far from Alphabet-C's market value of $1.82 trillion.

The enthusiasm for artificial intelligence has driven NVIDIA's stock price soaring since last year. Benefiting from the positive news of target price increases by major banks such as Goldman Sachs, Bank of America, and Morgan Stanley, NVIDIA's stock price reached a record high of $700 this week.

By 2023, NVIDIA's stock price has more than doubled since the beginning of the year, making it the fifth most valuable company in the US stock market.

The last time NVIDIA's market value surpassed Amazon's was in 2002, when both companies had market values of less than $6 billion.

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