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US stocks rally at the open as Nvidia crosses $1 trillion market cap

The S&P 500 is trading higher by 22 points, or 0.6%, to 4236 shortly after the open. Even stronger is the Nasdaq, which is up 1.1%.Pacing the gain is a 4% rally in Nvidia shares. The chipmaker now has a $1 trillion market cap, joining Apple, Alphabet, Amazon, and Microsoft in the club. It's an eye-watering valuation for a company with $26 billion in revenue in the past 12 months. It's reminiscent of these comments from the CEO of Sun Microsystems 2002: "2 years ago we were selling at 10 times r... Read More

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Posted: May 30 2023, 13:38

Author Name: forexlive

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