Nvidia Breaks Records
If you leave today’s newsletter having learned one thing, we hope that it has to do with Nvidia. Grab your Juvee energy drink, and let’s dive into the recent news surrounding this insanely hot company/stock:
Nvidia’s market value soared to over $2 trillion following a record-breaking single-day jump of $273 billion in its market cap, after reporting an astounding 769% increase in fourth-quarter profit and a 580% rise in full-year profits.
This growth has positioned Nvidia as a leading force in the artificial intelligence sector, contributing significantly to its valuation surpassing those of Amazon and Alphabet, making it the third-largest company on Wall Street.
The big question is… what would you do with $273 billion? The right answer is, “give my friends $1 billion each.” Thanks friend!
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