Nvidia Has Gained Over $1 Trillion in Market Cap in 2024. Can It Do It Again to Surpass Microsoft and Apple to Become the Most Valuable Company in the World?
After gaining 239% in 2023 to become the best-performing component of the S 500, Nvidia (NASDAQ: NVDA) has sustained its momentum so far this year. The stock has nearly doubled -- gaining over $1.1 trillion in market cap year to date -- and 2024 isn't even halfway over.
At the end of 2022, Nvidia was worth $359 billion. And suddenly, less than a year and a half later, it could be worth $3 trillion, surpassing and Apple in market cap.
At the rate the stock is going up, Nvidia is on track to accomplish that feat by year-end. But no growth stock goes up in a near-straight line forever. Let's find out what it would take for Nvidia to slow down, and even if it does, why it could still take pole position as the most valuable company in the world.
Source Fool.com
Microsoft Corp. Stock
With 112 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 12.74% compared to the current price of 376.1 € for Microsoft Corp..
