The stock price soared by nearly 60! The market value of this giant once exceeded 2 trillion US doll

Mondo Finance Updated on 2024-02-24

Nvidia announced a brilliant earnings report this week, and the AI boom became a catalyst to promote the U.S. stock market ** this week, boosting market confidence, this Friday, the three major U.S. stock indexes collectively opened higher, the Dow Jones rose more than 100 points at the beginning of the session, and the S&P 500 continued to hit a record intraday high, and the Nasdaq hit a new intraday high since November 2021. As of **, the Dow Jones is up 016%;The S&P 500 rose by 003%;The Nasdaq fell by 028%。From the weekly line, the Dow Jones has accumulated **13%, S&P 500**166%, NASDAQ **14%。

The stock price soared nearly 60% during the year, and Nvidia's market capitalization approached $2 trillion.

Shares of chipmaker Nvidia closed up 036%, * with a market capitalization of 197 trillion US dollars, which once exceeded the 2 trillion US dollar mark in intraday trading. Nvidia's stock price has accumulated more than 8 this week5% for the seventh consecutive week**. Since the beginning of the year, the stock price has accumulated nearly 60%, second only to Microsoft, Apple and Saudi Aramco in terms of market capitalization. It took Apple and Microsoft more than two years to grow from $1 trillion to $2 trillion in market capitalization, and Nvidia expects to do so in less than a year thanks to the Wall Street AI boom.

The three major European stock indexes were all on the 23rd**.

In terms of the European market, in the economic data released this week, the Eurozone agreement pay in the fourth quarter was **45%, alleviating concerns that income growth could keep inflation above target. Europe's three major stock indexes were boosted higher by economic data and corporate earnings, with London** up 028%;France's Paris** index rose by 070%;Germany** rose by 028%。*In terms of the same day, the service category of London** constituent stocks led the rise, and the top five gainers**China Standard Chartered Bank's share price**485%, InnovaZeneca share price**183%。

International oil prices on the 23rd**.

The market continues to focus on the supply and demand outlook of the ** market. The Federal Reserve said that the timing of the rate cut should be delayed for at least a few months, and investors are worried that this could slow economic growth and dampen oil demand. As of the 23rd**, the light *** for April deliveries on the New York Mercantile Exchange fell by 27%;London Brent*** for April deliveries fell by 245%。This week, the New York Mercantile Exchange's lightweight main contract has accumulated 197%;London Brent *** main contract ** cumulative ** 150%。

Boosted by the weakening of the US dollar, the international gold price on the 23rd**.

This week's speech by the Federal Reserve** further weighed on market expectations for an early rate cut this year, weakening the dollar and boosting gold prices. Gold prices were also supported by safe-haven demand spawned by tensions in the Middle East. As of the same day, the most actively traded April futures price on the New York Mercantile Exchange*** market rose by 0 on the 23rd92%, the main contract of the New York Mercantile Exchange** this week**171%。

*: CCTV Finance & Economics.

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