NVDA Stock Alert: Nvidia Overtakes Berkshire Hathaway
One of the high-flying stocks that’s really making its rebound today is Nvidia. In fact, NVDA stock has made a fresh new 52-week high and is now closing in on its previous all-time high set in late-2021.
That’s surprising, given all the macro headlines we have right now. With a looming debt ceiling, banks failing, inflation still running hot, and interest rates still high (though likely to pause), there’s not a really strong backdrop for growth stocks to surge.
That said, there’s a reason why investors continue to bet big on Nvidia. That one reason is simple: the rise of artificial intelligence.
Continued interest in this hyper-growth area has propelled the chipmaker to a market capitalization of roughly $750 billion at the time of writing. As a number of headline reports have noted, that means that Nvidia is now worth more than Warren Buffett’s Berkshire Hathaway. $NVIDIA(NVDA.US$ $Berkshire Hathaway-A(BRK.A.US$ $Berkshire Hathaway-B(BRK.B.US$
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