[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719224323365-7b18a344c6.jpeg/big?area=103&is_public=true)
NVIDIA's Market Cap Soars to Global Top Spot: Bubble or Treasure Trove for Infinite Growth?
In the thrilling world of tech giants, $NVIDIA(NVDA.US$, $Microsoft(MSFT.US$, and $Apple(AAPL.US$ are locked in a relentless battle for the top market cap spot, with their rankings constantly shifting. On June 18, NVIDIA's market cap skyrocketed by $100 billion, reaching a stunning $3.34 trillion. This leap allowed NVIDIA to surpass Microsoft, valued at $3.32 trillion, making it the highest-valued publicly traded company on that day. And to think, it was just two weeks ago that NVIDIA overtook Apple's market cap!
I guess AI really does stand for "Absolutely Incredible." ![]()
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719224389263-01c2ca88b5.png/big?area=103&is_public=true)
The AI Trio Taking Over the Market
Three AI-powered stocks are currently ruling the market. Over the past 18 months, Nvidia has skyrocketed. But as of last Friday's close, Microsoft leads with a market cap of $3.34 trillion, followed by Apple at $3.18 trillion and Nvidia sliding back to 3rd place at $3.11 trillion.
All three are tantalizingly close to the $4 trillion mark, making investors speculate which one will hit it first.
But before other recaps, let's look at something different:
What's Moo'ed?
"What's Moo'ed" is a space that captures fun, newsworthy, jaw-dropping and sometimes confusing (lmao) news clips for mooers so that you know this is a colorful world (or a weird and speechless one).
1) You are no longer my "sweet" heart ![]()
Starting June 30, Canada will be the first country to offer a weekly insulin injection called insulin icodec, branded as Awiqli. According to Novo Nordisk, this new medication will simplify life for diabetics by controlling high blood sugar levels for seven days. Diabetes patients will definitely be more patient to wait 7 days for a shot instead of one day.
2) Scared Straight program for Instagram ![]()
Last week, U.S. surgeon general Dr. Vivek Murthy called on Congress to require warning labels on social media platforms similar to those now mandatory on cigarette boxes to curb harmful effects of social media use among teens. If this is passed, you will see pictures of numb fingers, bending necks, and teens sitting on toilet for hours popping up on youth's smartphone before they sit on toilet for hours.
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719229650027-d3ac4addde.jpeg/big?area=103&is_public=true)
3) Who am I? Am I sponge? Or am I plastic? ![]()
Research reveals that melamine sponges, commonly used for cleaning, release over a trillion microplastic fibers globally each month due to wear and tear. It's time that we return to dishcloth age, since microplastic fibers are not "Finger lickin' good". This also indicates that SpongeBob SquarePants is indeed waterproof.
Okay, let's dive back to the syrup:
Musk’s AI Dream Team: Dell and Super Micro Join Forces
On last Wednesday, Elon Musk dropped some exciting news on X: his AI startup, xAI, is teaming up with $Dell Technologies(DELL.US$ and $Super Micro Computer(SMCI.US$ to jointly power the server racks for his supercomputer. Following the announcement, Super Micro Computer and Dell Technologies saw their after-hours trading jump by 4.78% and 3.18%, respectively, as of 11:11 PM ET on June 19th. ![]()
Musk shared that Dell is assembling half of the server racks for xAI's supercomputer, with Super Micro Computer handling the other half. ![]()
Super Micro is already famous for its liquid cooling tech, especially with NVIDIA chips. Musk's ambitious plan is to use this supercomputer to support xAI's large language model chatbot, Grok, by fall 2025. The project requires top-tier cooling, storage, and computing power to train these models. It looks like that after SpaceX, Elon Musk is building a spaceship for AI now.
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719224533989-5529996bac.png/big?area=103&is_public=true)
In short, the growth of AI PCs and large language models depends on tight collaboration across the industry. Dell and Super Micro are key players in Musk's mission to make his AI supercomputer dream a reality. #techAvengers, assemble!
The ETF Playbook 1: Leveraging Morningstar Ratings
Welcome to the ETF Playbook! We're here to arm you with the knowledge and tools to confidently navigate the thrilling world of ETF investing. Since May, the $S&P 500 Index(.SPX.US$ has been on a roll, climbing 4.8% in May and another 2.92% by June 14th, closing at 5431.60 points. Julian Emanuel, the chief stock and quantitative strategist at Evercore ISI, predicts it could hit 6,000 points by year-end, fueled by easing inflation and the AI boom. Warren Buffett famously said,
The best investment you can make is an S&P 500 index fund.
It’s a smart way to reduce market risk and ensure steady returns without diving deep into stock research.
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719227370382-e73e2189f3.png/big?area=103&is_public=true)
But with the tech hype in full swing, how do you find the best ETFs? Enter Moomoo's exclusive free "Morningstar Ratings" feature! It provides authoritative info to help you compare and choose the right ETFs for your portfolio.
Morningstar Ratings are your secret weapon for evaluating ETFs based on risk-adjusted returns and past performance. It’s like having a financial expert at your fingertips, guiding you to make informed investment decisions.
With Morningstar Ratings on Moomoo, investing just got a whole lot easier and more exciting! Dive into strategies and opportunities that can elevate your investment game.
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719227497922-420e29fead.png/big?area=103&is_public=true)
Share your bling bling ideas and earn bling bling rewards! ![]()
What do you think of the race among Nvidia, Microsoft and Apple? And what's your take on other hot issues in the past week? How they can earn you more money (I wish that happens to you)?
Share your stories, ideas, feelings and emojis in the comments below:
Event time: From now until July 1, 2024, at 24:00 ET time.
How to grab the next opportunity?
Missed the latest investment wave? Don’t fret – the key is to focus on upcoming opportunities. Moomoo Learn is here to equip you with actionable trading strategies to help you spot and capitalize on future investment prospects.
![[Weekly Syrup] NVIDIA's market cap: Cash cow or holy cow? 🤯](https://ussnsimg.moomoo.com/sns_client_feed/77777022/20240624/1719227981045-4b7ef18687.png/big?area=103&is_public=true)
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102362254 : Microsoft has consistently adapted to the tech landscape. Its early bet on generative AI leader OpenAI and integration with Azure cloud services solidified its position in AI. Azure OpenAI Service has driven cloud-computing revenue growth. In the long run, I believe it will lead the race![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Space Dust : tik tok .. is/was the next gen, that is why all the dirty dealings and such. Mnuchin brother wants it, some Arab billionaire wants it, too bad.. it must have something that makes it a pariah..
Meme_Short_Queen : all this AI hype is a fad, only a few elite club members playing this money-burning-no-outcome game. NVDA will be back to a 20-buck stock this year. Mark my words