Nvidia Surges Amid Market Choppiness
May 24, 2024
• 6
Min Read
“There are no shortcuts to any place worth going.” ~ Beverly Sills
Good evening,
Nvidia ($NVDA), which had been consolidating since February, soared this week after once again reporting stellar quarterly results and releasing ebullient guidance. The dominant producer of AI chips has grown to a nearly $2.7 trillion market cap – larger than the respective GDPs of all but seven countries. Consequently, although much of the rest of the market saw choppy trading this week, Nvidia's outsized weight in the S&P 500 helped the market to end largely flat.
Before Nvidia’...