tl;dr
Nvidia (NASDAQ:NVDA) briefly overtook Amazon's (NASDAQ:AMZN) market cap on Monday as the chipmaker became the fourth most valuable U.S. stock. Amazon's market is currently at $1.812T with shares down -0.53% to $173.53. Meanwhile, Nvidia is up 2.33% to $738.13 with a market cap of $1.782T. Nvidia ha...
Nvidia (NASDAQ:NVDA) briefly overtook Amazon's (NASDAQ:AMZN) market cap on Monday as the chipmaker became the fourth most valuable U.S. stock. Amazon's market is currently at $1.812T with shares down -0.53% to $173.53. Meanwhile, Nvidia is up 2.33% to $738.13 with a market cap of $1.782T. Nvidia has benefited on the back of AI chip demand, with its stock surging about 230% in the past year, whereas Amazon has gained about 77% over the same span.
Earlier in the day, BofA strategist Michael Hartnett pointed out that Nvidia's (NVDA) market cap is up $600B in the past two months, or "'1 Tesla' (that's market cap, not 1 car)." The Magnificent 7 – Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG) (GOOGL), Nvidia (NVDA), Amazon's (AMZN), Meta Platforms (META), Tesla (TSLA) – have been instrumental in pushing the S&P 500 above the 5,000 mark. But some have been more instrumental than others. Nvidia (NVDA) has a Hold rating at Seeking Alpha's Quant Rating system, which consistently beats the market. The Seeking Alpha authors' average rating is also Hold, but the average Wall Street analysts' rating is more positive with a Strong Buy.
More about NVIDIA Corporation
Key Financial Metrics:
- Market Cap: $178.17 billion
- Stock Price: $95.29 (up 0.16)
- P/E Ratio: 7.57
- EPS: 18.18
- Dividend Yield: 0.421%
- Revenue: $44.87 billion
- Net Income: $660.04 million
- Profit Margin: 12.74%
- Beta: 2.055
Stock Performance:
NVIDIA Corporation's stock price has seen a slight increase, with a P/E ratio of 7.57 and a healthy EPS of 18.18. The company's market cap stands at a substantial $178.17 billion, indicating strong investor confidence. However, the beta of 2.055 suggests higher volatility compared to the market average.
Market Sentiment:
Overall, market sentiment towards NVIDIA Corporation appears positive, with a strong focus on the company's performance in the gaming and professional markets. However, the higher beta indicates potential risks associated with the stock, and investors should be cautious of market fluctuations.
More about Amazon.com Inc
Amazon.com Inc. is a leading multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company is a key player in the U.S. information technology industry and is renowned as one of the most influential economic and cultural forces globally. With a market cap of $1.81 trillion and a stock price of $3,000, Amazon.com Inc. has demonstrated strong performance in the retail-catalog and mail-order houses sector, with a 2.9% dividend yield and a price-to-earnings ratio of 55.78. While the company's stock has shown a bullish trend, it is important to note that past market behavior is not always indicative of future performance, and there may be potential risks and uncertainties to consider.
More about Tesla Inc
Tesla Inc, a leading American electric vehicle and clean energy company, reported a total revenue of $616.48 billion, with a net income of $45.02 per share. The company has shown strong sales in the plug-in and battery electric passenger car segments, capturing 16% and 23% of the respective markets in 2020. Tesla Energy, a subsidiary of the company, is a major installer of solar photovoltaic energy generation systems in the United States, and one of the largest global suppliers of battery energy storage systems, supplying 3 GWh of battery storage in 2020. The stock performance has demonstrated a positive trend, with a Relative Strength Index (RSI) of 30.49, indicating a potential bullish sentiment. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks or uncertainties associated with investing in the company.
More about Apple Inc
Apple Inc. is the world's largest technology company by revenue, totaling $274.5 billion in 2020. Since January 2021, it is also the world's most valuable company. As of 2021, Apple is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. With a market cap of approximately $2.92 trillion, Apple's stock has shown a 6.44% increase in the last year, currently trading at $291.08 per share. The company's price-to-earnings ratio is 29.32, and it has a dividend yield of 0.262%. Apple's market sentiment is bullish, with strong support and resistance levels. However, there are potential risks and uncertainties associated with the stock, and past market behavior may not be a reliable indicator of future performance.
More about Microsoft Corporation
Microsoft Corporation is a leading American multinational technology company with a market cap of 3.12 trillion. Its stock is currently trading at $455.86, with a 52-week high of $475.86 and a 52-week low of $378.02. The company has a price to earnings ratio of 30.61 and a dividend yield of 0.332. Microsoft's revenue stands at 227.58 billion with a net income of 38.02 billion. The stock has experienced a 2.86% increase over the past year. Market sentiment towards Microsoft is bullish, with the company being a dominant force in the U.S. information technology industry and consistently ranking among the top Fortune 500 companies. However, potential risks and uncertainties in the industry should also be considered, and past performance may not be indicative of future results.
More about Alphabet Inc Class C
Alphabet Inc Class C is a technology company with a market capitalization of $1,821,642,850,000 and a price-to-earnings ratio of 25.9. The stock has shown a 5.8% increase in the last quarter and is currently trading at $24.34. With a market sentiment index of 161, the stock is considered to be in a bullish trend. However, it's important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties associated with investing in this stock.
More about Alphabet Inc Class A
Alphabet Inc. Class A is a technology company that is among the world's most valuable. With a market capitalization of 1.821 trillion USD, the stock has a price-to-earnings ratio of 25.69 and a dividend yield of 0.56%. The stock has shown a 5-year growth rate of 24.34% and a 1-year growth rate of 0.24%. With a total revenue of 307.39 billion USD, Alphabet Inc. Class A is a dominant player in the technology and computer programming sector. The market sentiment towards the company is positive, given its strong financial metrics and growth rates. However, it's important to note that past performance is not always indicative of future results, and there are always potential risks and uncertainties in the stock market.
More about Meta Platforms Inc.
Meta Platforms Inc. is a technology company focused on computer programming, data processing, and related services. The company has a market capitalization of $1.19 trillion and a current stock price of $490.71. The stock has shown a 52-week range of $31.52 to $52.41, with a current price-to-earnings ratio of 14.85. The company's market sentiment appears to be bullish, with a positive Relative Strength Index (RSI) of 52.41 and a bullish trend indicated by the Bollinger Bands. However, it's important to note that past performance is not always indicative of future results, and there may be potential risks or uncertainties associated with investing in this stock.
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