1 Semiconductor Stock Set to Join Apple, Microsoft, Amazon, and Alphabet in the $1 Trillion Club

The U.S. has been the birthplace of the world's largest companies for more than a century. The economy has experienced a consistent changing of the guard, with different industries taking turns at creating the most value: 

Apple has since been joined by , Amazon, and Google parent Alphabet in the $1 trillion club. But there's another potential entrant knocking on the door. 

Nvidia (NASDAQ: NVDA) is the world's leading producer of advanced semiconductors, especially those designed to power new technologies like artificial intelligence (AI). After delivering a blockbuster earnings report for the fiscal 2024 first quarter (ended April 30), Nvidia stock soared 24%, taking its market capitalization to $940 billion.

Continue reading


Source Fool.com