Nvidia sets monthly record with unprecedented market value surge in January
From Nasdaq:
Nvidia Corp NVDA.OQ experienced a record-breaking surge in market value in January, growing by $296.52 billion to $1.52 trillion due to increased optimism around artificial intelligence and positive analyst projections.
Microsoft MSFT.O also saw a robust increase, adding $159.36 billion to hit a market value of $2.95 trillion, surpassing Apple Inc’s $2.85 trillion.
Meta Platforms META.O also strengthened in market value, crossing the $1 trillion mark for the first time since 2021, with a 25% rise in revenue for the December quarter.
Tesla Inc TSLA.OQ, however, experienced a 24.5% decline in market value due to concerns over slowing growth, and Saudi Arabian Oil Co 2222.SE saw a 7.3% fall.
Read more: Nvidia sets monthly record with unprecedented market value surge in January