[Moo Brief] NVIDIA's market cap soars to global top 1: A bubble or a gem for infinite growth?

$NVIDIA(NVDA.US)$, $Microsoft(MSFT.US)$, and $Apple(AAPL.US)$ are in an intense battle for the top spot in market cap rankings, with positions constantly changing. Yesterday, $NVIDIA(NVDA.US)$'s market cap surged by $100 billion to $3.34 trillion, surpassing top-ranked $Microsoft(MSFT.US)$ ($3.32 trillion) to become the world's highest-valued listed company just two weeks after overtaking $Apple(AAPL.US)$'s market cap. This indicates strong market confidence in $NVIDIA(NVDA.US)$'s AI hardware and software ecosystem development.                                  

Looking at the stock price, $NVIDIA(NVDA.US)$ closed up 3% at $135.58 on June 18th, climbing 13% since the stock split on June 10th. $NVIDIA(NVDA.US)$'s momentum will continue, according to analyst Hans Mosesmann of Rosenblatt Securities, who predicted on Tuesday that the company's market cap may approach $5 trillion in the upcoming year. Mosesmann increased his target price for $NVIDIA(NVDA.US)$ from $140 to $200, the highest price on Wall Street at the moment.

Back in 1999, $NVIDIA(NVDA.US)$, a little-known chipmaker, made its debut on the NASDAQ stock exchange. In less than three years, $NVIDIA(NVDA.US)$ replaced the infamous energy trading group Enron and entered the S&P 500 index. Even so, very few ventured to wager that Nvidia would emerge as the top-performing stock of the previous 25 years. The fact is $NVIDIA(NVDA.US)$'s total return, including reinvested dividends, since its initial public offering (IPO) is over 591,078%.

$NVIDIA(NVDA.US)$ will hold its annual shareholder meeting for 2024 at 9 am Pacific Time on Thursday, June 26th, where we will learn about $NVIDIA(NVDA.US)$'s future strategies and innovative plans for AI products. With strong expectations, will you buy $NVIDIA(NVDA.US)$'s stock before June 26th?