Nvidia Overtakes Alphabet as Third Largest US Company Amid AI Surge

February 14, 2024
Nvidia Overtakes Alphabet as Third Largest US Company Amid AI Surge
  • Nvidia Corp. has overtaken Alphabet becoming the third most valuable US company with a market cap of $1.832 trillion.

  • The company's value surge is linked to the artificial intelligence boom with its stock tripling over the past year.

  • Nvidia is approaching a $2 trillion market cap, a milestone only Apple, Microsoft, and Alphabet have reached.

  • Analysts project Nvidia's fourth-quarter earnings to be $4.56 per share with revenues of $20.33 billion, to be reported on February 21st.

  • The upcoming earnings report is crucial as it will influence Nvidia's short-term trajectory in the stock market.

  • The Arora Report suggests investment strategies, including portfolio allocation and hedge levels, based on money flow in various stocks.

Summary based on 23 sources


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