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NVDA Stock Alert: Nvidia Looks to Become the No. 5 Company in the Market
Nvidia $NVIDIA (NVDA.US)$ stock is on the move Thursday as the tech company’s shares close in on becoming the number five stock on the market.
Nvidia’s market capitalization continues to rise, with the company just $10 billion away from surpassing investment company Berkshire Hathaway $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ . Doing so would make it the fifth-largest company by market cap on the public market.
While it might seem like $10 billion is a long way to go, the company’s market cap is sitting at around $682 billion. Investors will also note that NVDA stock has already gained around 90% year-to-date (YTD) as of this writing. That means adding another $10 billion to its market cap may not be as far away as one might think.
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