Prediction: Nvidia, Now the World's Most Valuable Company, Will Hit a Market Cap of $5 Trillion by 2026
Nvidia (NASDAQ: NVDA) made history on Tuesday, sailing past to become the world's most valuable company, with a market cap of $3.335 trillion.
The stock has been on a meteoric rise over the past 18 months, soaring 8,280% since the start of 2023 (as of this writing). Nvidia has been riding the wave of accelerating adoption of artificial intelligence (AI), providing the graphics processing units (GPUs) that are the gold standard for powering the systems responsible for AI training and inference.
The company also completed a 10-for-1 stock split that was a hit with investors, driving the stock even higher.
Source Fool.com