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NVIDIA Shatters Records with $3.6 Trillion Market Cap Amid Post-Election Tech Surge

Word on the StreetSaturday, Nov 9, 2024 10:00 pm ET
1min read

In a remarkable turn of events following the U.S. presidential election, NVIDIA has emerged as the first company in history to surpass a market capitalization of $3.6 trillion, solidifying its position as the largest publicly traded company globally. This achievement was spurred by a surge in market optimism due to anticipated tax cuts and deregulation policies under President Trump's leadership.

NVIDIA's ascent has been meteoric in the AI-driven market, with its stock price increasing by 12% just in November and doubling its market cap since the beginning of the year. The company's value now exceeds the combined market capitalizations of prominent companies such as Eli Lilly, Walmart, JPMorgan Chase, Visa, UnitedHealth Group, and Netflix.

The tech sector similarly experienced a rally, with the S&P 500 Technology Index climbing over 4% within two days post-election. This upward trend highlights the investor sentiment favoring tech giants, potentially due to expected favorable regulatory changes.

After initially capturing the title of the world’s most valuable company in June, NVIDIA briefly ceded it to Microsoft and Apple in prior months, but has regained the lead. As of last Thursday, Apple boasted a market value of $3.44 trillion, and Microsoft’s stood near $3.16 trillion, trailing behind NVIDIA's $3.65 trillion valuation.

NVIDIA’s upcoming financial report on November 20 is widely anticipated, with market analysts projecting significant revenue growth of over 80% compared to the previous year, potentially reaching $329 billion.

As the tech industry anticipates strategic policy shifts under the new administration, momentum may continue to build. Analysts predict that initiatives aimed at promoting artificial intelligence could further benefit this sector, with NVIDIA at the forefront of this wave.

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zarrasvand
11/10
Can $NVDA reach $219 by December 2020?
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Local-Store-491
11/10
$NVDA
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themagicalpanda
11/10
$SMCI For those of you who have been following since the last delisting, does SMCI's partnership with Nvidia compare to the level they now have with all their other companies? If not, then why wouldn't they be in a stronger position to face these challenges?
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Kooky-Information-40
11/10
$PARA I'm with you, and my Walmart plan got me here as well. I've never been a fan of Netflix, and most of their top content seems to be ripped off. So if the right bundle decides to cut off access to content or increases the price for borrowed content, it could really shake things up!
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gnygren3773
11/10
$NVDA MSN "Another boost for investors comes from Taiwan Semiconductor Manufacturing's, TSM, record-breaking October sales. The world's top contract chip maker reported a 29% revenue increase to NT$314.24 billion, or $9.79 billion. This follows three months of record-high sales."
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JoinMySpaceship
11/10
$NVDA is seeing unprecedented bullish sentiment, with $150+ this week a near-certainty.
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VegetaIsSuperior
11/10
Hey everyone, let's use this thread to talk about what's on our minds, share news or rumors about NVIDIA, and discuss relevant industries like semiconductor and gaming. The more we share, the better informed we'll be!
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urfaselol
11/10
$NVDA I've got 140puts loaded for next week.. The post-election euphoria is likely to fade for this 3.6T company..
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DEBBIE CRYP
11/10

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Michael Roberts
11/10
$NIO It's impressive to see how Nio's stock has surged over the last half decade. Back in 2019, it was trading around 1.50, but now it's more than triple that figure. While many investors suffered significant losses during the Trump/Covid era, many also reaped considerable profits, seeing gains of up to 25-50 times on their initial investments. It's worth noting that Nio wasn't the only stock to experience a dramatic downturn in early 2021. Many large-cap stocks, including Tesla, suffered massive declines following the market bubble's burst. Have you ever come across a company called Solo? They specialized in three-wheel cars, and their stock soared from pennies to 15 dollars. Another example is Orbital Energy, which was supported by Biden and saw its stock perform a similar upward trajectory. Unfortunately, both Solo and Orbital Energy are currently bankrupt. In the realm of established companies, AAPL's stock was relatively lackluster until the mid-2023 period. Even Walmart needed time to recover, and Tesla faced a considerable dip at some point. These instances demonstrate that stock market recoveries often require time and patience.
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comoestas969696
11/10
Not surprising given the current market sentiment. Will be interesting to see how this affects competition in the AI sector. Could this lead to more acquisitions or partnerships for NVIDIA?
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User avatar and name identifying the post author
11/10
The fact that NVIDIA's market cap is now greater than the combined value of Eli Lilly, Walmart, and others is a stark reflection of our economy's imbalance. What does this say about our market's priorities?
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Gix-99
11/10
Just saw my portfolio skyrocket, courtesy of NVIDIA's insane growth! Does this mean I should hold on to my shares or take some off the table? Any seasoned investors have advice?
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lies_are_comforting
11/10
Post-election, everything is up for grabs! Deregulation is exactly what the tech sector needed. This is just the beginning; I'm predicting a Netflix-esque rise for other gaming giants too!
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Gentleman1217
11/10
Market cap shouldn't be the sole indicator of a company's success. Let's see how NVIDIA's AI-driven growth sustains in the long term. Not entirely convinced by this'surge'.
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