NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Nvidia up 3% in premarket, set to reclaim $3 trillion valuation

Published 06/25/2024, 06:06 AM
Updated 06/25/2024, 06:08 AM
© Reuters.  Nvidia up 3% in premarket, set to reclaim $3 trillion valuation
NVDA
-

Nvidia (NASDAQ:NVDA) stock fell more than 6.6% on Monday, pushing the AI darling’s valuation back below the $3 trillion mark.

However, NVDA is set to claw back some of the lost ground Tuesday, rising more than 3% in premarket. Should it hold onto these gains, the stock would boost its market cap by around $90 billion and back above the $3 trillion threshold.

Nvidia briefly surpassed Microsoft (NASDAQ:MSFT) last week and became the world’s most valuable stock, but it couldn’t retain the top position for long.

Still, NVDA is up more than 138% since the start of the year and is the best-performing stock within the Nasdaq 100 index.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.