The market capitalization has rushed to new highs one after another, surpassing Amazon (AMZN.) in a rowUS) and Google, in the second round of the collective rally of large technology stocks in the United States, the brightest star is Nvidia (NVDA.).us）。
Less than a year and a half ago, Nvidia's market value was about 40 billion yuan behind Kweichow Moutai. According to the latest stock price, Nvidia's market value is equivalent to 6 Kweichow Moutai (600519sh）；Zhongji InnoLight is considered to be the most A-share Nvidia concept stock, with a total market value of 102 billion yuan, about 08%。
On Thursday, Eastern time, the S&P 500 index set a new record, and Nvidia shares closed down slightly by 168%, with a total market capitalization of about 1$79 trillion, more than becoming Google's Alphabet (Googl.).US), becoming the third largest publicly traded company in the U.S. after Microsoft and Apple.
Driven by the concept of AI, U.S. technology giants lead the world, and on the top 10 list of market capitalization, the "long" of the retail food industry such as Coca-Cola and Costco has disappeared, and technology stocks "dominate the screen" list. Nvidia's total market capitalization surpasses Amazon's, and it is regarded by the industry as a leap from the Internet era to the artificial intelligence era.
As of the latest ** day (February 15, Beijing time), Microsoft (MSFTUS), Apple (AAPLUS), Google Alphabet, Nvidia, Amazon, Facebook (Meta.)US) with a total market capitalization of 302 trillion dollars, 283 trillion dollars, 179 trillion dollars, 178 trillion dollars, 1$7.6 billion, 123 trillion dollars, a total of 1241 trillion US dollars, according to the latest exchange rate, the total market value is about 88 trillion yuan, more than the total market value of A-shares.
Wind data shows that on the last trading day before the Spring Festival in 2024 (February 8), the total market value of 5,351 stocks in Shanghai and Shenzhen will be 817 trillion yuan.
In 2022, as the semiconductor cycle enters a downward period, the valuation of U.S. technology stocks is generally **, and Nvidia fell by about 50% throughout the year, and fell to the lowest point in recent years in mid-October of that year, with a market value of about 214 trillion yuan, less than the total market value of Kweichow Moutai, the "king of shares" of A-shares at that time, was 218 trillion yuan.
But since 2023, Nvidia has been soaring, with its share price rising from around $148 all the way to around $739 currently, with a total market capitalization of about RMB 1296 trillion yuan. Kweichow Moutai was affected by the downturn and continued to adjust sideways, hitting the lowest share price of 1281 in recent years in the first week of November 202254 yuan, and the gap with the total market value of Nvidia is getting wider and wider.
Nvidia's soaring market value also made Wall Street sigh. Benefiting from the AI wave, NVIDIA's GPU has become a necessary condition for AI computing power, and the market demand for the company's H100 continues to exceed **. This week, UBS raised its price target on Nvidia from $580 to $850, and Mizuho raised its price target from $625 to $825.
At present, the top 10 A-share companies by market capitalization are China Mobile (600941).SH), Kweichow Moutai, Industrial and Commercial Bank of China (601398SH), China Construction Bank (601939SH), PetroChina (601857SH), Agricultural Bank of China (601288SH), Bank of China (601988SH), CNOOC (600938SH), Chinese Shou (601628SH), China Merchants Bank (601628SH), with a total market capitalization of 1477 trillion yuan.
China Mobile once again occupies the top spot in the a** value, with a total market value of 216 trillion yuan, 214 trillion yuan.
Nvidia's current total market capitalization is about equal to China Mobile, Kweichow Moutai, Industrial and Commercial Bank of China, China Construction Bank, PetroChina, Agricultural Bank of China, Bank of China and CNOOC combined, about 131 trillion yuan.
In terms of total market capitalization alone, Nvidia is equal to about 589 China Mobile, 841 PetroChina, 10 Bank of China, 164 Ping An of China, 18 CATL (300750.).SZ Yangtze River Power (600900.)sh）。
When Nvidia hit a record high again, it coincided with the Spring Festival closure of the Shanghai and Shenzhen stock exchanges, and whether there will be stock price changes in related concept stocks after the holiday has been the direction that investors focus on.
At present, there are a total of 44 companies in the A-share Nvidia industry chain, and the highest market value is Hikvision (002415SZ), Fortune Federation of Industry (601138SH), BOE A (000725SZ), Zhongji InnoLight (300308SZ) and so on, there are fewer companies in the industrial chain that have actual business dealings with NVIDIA, and more are conceptual companies.
Due to the downturn in the year, the average annual increase of the above 44 stocks was -19%, and the median was -20%, and Obi Zhongguang (688322SH), ArcSoft Technology (688088SH), Hongbo shares (002229SZ) and other stocks fell more than 35%.
In 2023, when Nvidia's stock price hit new highs repeatedly, the A** market had speculated on related concept stocks. A more typical is Hongbo shares, the company has started the main rising wave since February 2023, and in just half a year, the stock price has risen from less than 9 yuan to about 45 yuan, a record high, and the cumulative increase during the period is more than 4 times, and then it has entered the retracement stage, and the latest stock price is 1706 yuan, the high point retracement is about 54%. With the successive disclosure of results, many Nvidia concept stocks have given up most of their gains.