{"id":23014,"date":"2023-05-30T12:43:57","date_gmt":"2023-05-30T12:43:57","guid":{"rendered":"http:\/\/107247944"},"modified":"2023-05-30T12:43:57","modified_gmt":"2023-05-30T12:43:57","slug":"nvidia-on-track-to-hit-1-trillion-market-cap-when-market-opens","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/nvidia-on-track-to-hit-1-trillion-market-cap-when-market-opens\/","title":{"rendered":"Nvidia on track to hit $1 trillion market cap when market opens"},"content":{"rendered":"<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107246996\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan.<\/p>\n<p>Sopa Images | Lightrocket | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><span class=\"waslinkname\">Nvidia<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> is on track to hit a $1 trillion market cap Tuesday, after pre-market trading propelled shares to $409 and signaled Nvidia&#8217;s imminent entrance into a small club of mostly technology companies.<\/p>\n<p>Nvidia&#8217;s shares must hold above $404.86 to maintain that distinction.<\/p>\n<div class=\"ExclusiveContentBucket-exclusiveContentBucket\"><span class=\"ExclusiveContentBucket-smallSpan\"><\/span><span class=\"ExclusiveContentBucket-border\"><\/span><\/p>\n<h2 class=\"ExclusiveContentBucket-exclusiveContentHeading\">related investing news<\/h2>\n<div class=\"ExclusiveContentBucket-contentContainer\">\n<div class=\"BucketItem-bucketItem\" id=\"Regular Article-ExclusiveContentBucket-1-0\">\n<div class=\"BucketItem-bucketImageContainer\"><img decoding=\"async\" class=\"BucketItem-bucketImage BucketItem-investingClubItem\" src=\"https:\/\/wp.worldtechguide.net\/wp-content\/uploads\/2023\/05\/nvidia-on-track-to-hit-1-trillion-market-cap-when-market-opens.jpg\" alt=\"Nvidia stole the earnings spotlight last week. This week, it's all about the debt ceiling \"><\/p>\n<div class=\"BucketItem-investingClubPillContainer\"><span class=\"waslinkname\"><img decoding=\"async\" class=\"BucketItem-investingClubPill InvestingClubPill-investingClubPill\" src=\"https:\/\/static-redesign.cnbcfm.com\/dist\/b0b683565c27c5457864.svg\" alt=\"CNBC Investing Club\"><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The chipmaker&#8217;s shares rocketed last week, after posting <span class=\"waslinkname\">quarterly earnings<\/span> with top- and bottom-line numbers that significantly beat consensus estimates. Nvidia&#8217;s gain buoyed other chipmakers, with the notable exception of Intel, and was also fueled in part by estimates that were more optimistic than expected.<\/p>\n<p>Significantly, Nvidia forecasted $11 billion in sales for the second quarter of 2024 alone.<\/p>\n<p>It&#8217;s been a <span class=\"waslinkname\">banner year<\/span> for chipmakers, parts of the tech industry and the Nasdaq, driven in part by the AI frenzy and the possibility of slowing Federal Reserve rate hikes. Alongside Nvidia, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\"><span class=\"waslinkname\">Alphabet<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-5\"><span class=\"waslinkname\">Meta<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-6\"><span class=\"waslinkname\">Microsoft<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> were also buoyed in last week&#8217;s trading.<\/p>\n<\/div>\n<div data-test=\"ArticleTable\">\n<section class=\"TableHeader-container\" data-test=\"TableHeader\">\n<h3 class=\"TableHeader-themeTitle TableHeader-title\">Trillion-dollar market cap club<\/h3>\n<\/section>\n<div>\n<div class=\"BasicTable-basicTable\" data-test=\"BasicTable\">\n<div class=\"BasicTable-tableWrapper\">\n<div class=\"BasicTable-articleContainer\">\n<table class=\"BasicTable-table\">\n<thead class=\"BasicTable-tableHeading BasicTable-tableHeadingSortable\">\n<tr>\n<th class=\"BasicTable-textData\"><span>Symbol<!-- --> <span class=\"icon-sort undefined\"><\/span><\/span><\/th>\n<th class=\"BasicTable-textData\"><span>Name<!-- --> <span class=\"icon-sort undefined\"><\/span><\/span><\/th>\n<th class=\"BasicTable-textData\"><span>Market Value<!-- --> <span class=\"icon-sort undefined\"><\/span><\/span><\/th>\n<th class=\"BasicTable-numData\"><span>YTD %<!-- --> <span class=\"icon-sort undefined\"><\/span><\/span><\/th>\n<th class=\"BasicTable-textData\"><span>2023 Est. Revenue (Billions)<!-- --> <span class=\"icon-sort undefined\"><\/span><\/span><\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"BasicTable-tableBody\">\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">AAPL<\/td>\n<td class=\"BasicTable-textData\">Apple Inc.<\/td>\n<td class=\"BasicTable-textData\">$2.759 Trillion<\/td>\n<td class=\"BasicTable-numData\">35.0<\/td>\n<td class=\"BasicTable-textData\">384,748.7<\/td>\n<\/tr>\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">MSFT<\/td>\n<td class=\"BasicTable-textData\">Microsoft Corporation<\/td>\n<td class=\"BasicTable-textData\">$2.475 Trillion<\/td>\n<td class=\"BasicTable-numData\">38.8<\/td>\n<td class=\"BasicTable-textData\">211,434.1<\/td>\n<\/tr>\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">GOOGL<\/td>\n<td class=\"BasicTable-textData\">Alphabet Inc. Class A<\/td>\n<td class=\"BasicTable-textData\">$1.587 Trillion<\/td>\n<td class=\"BasicTable-numData\">41.2<\/td>\n<td class=\"BasicTable-textData\">299,810.2<\/td>\n<\/tr>\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">AMZN<\/td>\n<td class=\"BasicTable-textData\">Amazon.com, Inc.<\/td>\n<td class=\"BasicTable-textData\">$1.232 Trillion<\/td>\n<td class=\"BasicTable-numData\">43.0<\/td>\n<td class=\"BasicTable-textData\">559,661.3<\/td>\n<\/tr>\n<tr valign=\"middle\">\n<td class=\"BasicTable-textData\">NVDA<\/td>\n<td class=\"BasicTable-textData\">NVIDIA Corporation<\/td>\n<td class=\"BasicTable-textData\">$1 Trillion (* premarket)<\/td>\n<td class=\"BasicTable-numData\">166.5<\/td>\n<td class=\"BasicTable-textData\">30,426.5<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<p><i>Source: <!-- -->FactSet<\/i><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Nvidia&#8217;s expected market cap would place it alongside a handful of other companies, including Apple, Alphabet, Amazon, and Microsoft, that have a $1 trillion market cap.<\/p>\n<p><em>&#8211;CNBC&#8217;s John Melloy and Gina Francolla contributed to this report.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A man wearing a mask walks past a Nvidia logo in Taipei, Taiwan. Sopa Images | Lightrocket | Getty Images Nvidia is on track to hit a $1 trillion market cap Tuesday, after pre-market trading propelled shares to $409 and signaled Nvidia&#8217;s imminent entrance into a small club of mostly technology companies. Nvidia&#8217;s shares must &hellip;<\/p>\n","protected":false},"author":1,"featured_media":23015,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/23014"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=23014"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/23014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/23015"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=23014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=23014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=23014"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=23014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}