Understanding the market | How crazy was NVIDIA overnight?

LB Select
2024.02.23 02:09
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The stock price surged by 16%, adding $277 billion to the market value overnight, breaking through $800 in after-hours trading, all hitting record highs!

NVIDIA is going crazy!

Overnight, NVIDIA surged by 17% at one point during the trading day, closing up 16% to $785.38, hitting a historic high! This insane increase also marked the largest daily gain since the company's quarterly report released on May 24, 2023!

This means that NVIDIA's market value increased by $277 billion overnight, breaking the record for the highest single-day market value increase set by Meta earlier this month. Its total market value has now reached $1.93 trillion, making a final push towards $2 trillion!

During after-hours trading, NVIDIA's stock price has already surpassed $800!

With NVIDIA's soaring stock price, its CEO Jensen Huang's wealth skyrocketed by nearly $10 billion overnight to $69.2 billion, making him the 21st richest person in the world!

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