TSLA
Tesla
-- 462.280 AMD
Advanced Micro Devices
-- 126.290 NVDA
NVIDIA
-- 140.220 PLTR
Palantir
-- 82.380 AVGO
Broadcom
-- 239.680 
Nvidia Snatches Crown from Microsoft as World's Most Valuable Company
$NVIDIA (NVDA.US)$ surpassed $Microsoft (MSFT.US)$ as the world's most valuable company amid growing optimism over the chip giant's lead over its peers in the AI race.
Nvidia shares climbed to a fresh intra-day high of $136.25 Monday. It traded at $136.115 at 1:58 p.m. in New York taking its market cap to $3.35 trillion. Microsoft, on the other hand, slipped 0.2% to $447.36, trimming its market cap to $3.32 trillion.
The leader in making chips that power artificial intelligence has been an investor favorite. Nvidia has been attracting more funds as its quarterly earnings blew past estimates. The stock saw a net inflow of $1.65 billion, with retail investors accounting for the biggest infusion. That comes even as 11 of 15 technical indicators tracked by moomoo are showing early warning signals that Nvidia is overbought and could be turning bearish.
Wells Fargo raised its price target on the stock to $155, from $125. Rosenblatt is even more optimistic on the stock, boosted its target to $200, from $140.
Nvidia climbed more than 174% this year, setting it up to claim the top spot for companies with the biggest market cap. That compares with Microsoft's gain of 19%. Just days ago, Nvidia bumped off $Apple (AAPL.US)$ from its place as the second most valuable company.
The enthusiasm for Nvidia is also playing out in the stock options market. As of f1:54 p.m., 4.29 million Nvidia options have changed hands. The most popular among them are call options that give the holder the right to buy shares at $135, as the stock price climb above that strike price.
To see Nvidia's stock options chain, click here. Share your thoughts below and don't forget to vote.
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Options trading entails significant risk and is not appropriate for all customers. It is important that investors read Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount. Supporting documentation for any claims, if applicable, will be furnished upon request. Moomoo does not guarantee favorable investment outcomes. The past performance of a security or financial product does not guarantee future results or returns. Customers should consider their investment objectives and risks carefully before investing in options. Because of the importance of tax considerations to all options transactions, the customer considering options should consult their tax advisor as to how taxes affect the outcome of each options strategy. All company analysis information is provided by third parties and not by Moomoo Financial Inc. Any illustrations, scenarios, or specific securities referenced herein are strictly for informational purposes and is not a recommendation. Past investment performance does not guarantee future results. Investing involves risk and the potential to lose principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct.
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Luzi Ann Santos
Moomoo Senior News and Community Manager
Former editor at Bloomberg, ex-commentary editor at Lazard. Posts aren’t investment advice. Views are just mine.
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Scapey T Goat :
VJong : Top of the world now
74630060 : informative article
Olimia : Game: NVDA. Compute: NVDA. Cryptocurrency: NVDA. Electric vehicle automation: NVDA. AI: NVDA. No matter what happens next, the answer is Nvidia
$Nvidia (NVDA.US) $
Saul d Solache : good morning
daveybaby : does nivida do anything else than just make micro chips? The other mag 7 do a few more things then just one. thinking they won't stay number one for long if don't do other products. what do people think?