On September 2, Nvidia shares climbed 2.50% to close at $190.04, driving the S&P 500 up 0.47%, the Nasdaq 0.90%, and the Dow Jones to fresh all-time highs. With an 8% weighting in the S&P 500, Nvidia now accounts for more than half of the index’s daily movements. Following its fiscal Q2 earnings release on August 27, the stock surged 8.7% in a single session, adding $442 billion in market value, the second-largest single-day market cap gain ever recorded for any company. Its total market cap stands at approximately $5.5 trillion, making Nvidia the world’s largest publicly traded company. CEO Jensen Huang described the current moment as an « age of AI, » projecting robust growth through at least fiscal year 2028.
Source: Read the original article
