Nvidia becomes world’s most valuable company, again

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But let’s take a look at one of the major components, the big mover here at the open. We’re tracking Nvidia. And of course, not the largest mover right now, it’s up 7/10 of a percent. But here’s the move that we’re talking about. The valuations of Nvidia, Microsoft, and Apple here. And if you take a look at this chart, here’s where you could see Nvidia reclaiming its top spot, but they’re still jousting neck and neck here in terms of Microsoft and Nvidia’s market cap. However, we will see going forward from here how analysts continue to weigh in. You’ll remember some of the commentary coming out of earnings as we were listening into Mizuho. Mizuho was talking about a lot of the concerns being behind us there. They’re exact words within that, saying the key risk factors and headwinds keeping many underweight on the stock have definitely lessened or lifted. Bernstein, they had said, takes a look and keep on ticking. Wedbush and Dan Ives saying the godfather of AI delivers again. China H20 headwind well-known, still robust. So all of these things considered, we’re now seeing even more of an appetite for investors out there who hadn’t already piled back into Nvidia. Now having the earnings in the rearview mirror and going forward seeing more total addressable market opportunity potentially even in a market that they have to try and figure out what type of chip can actually get past some of the regulations and pass the sniff tests as they are looking to ship into China. Oh yeah, and some major partnerships in the Middle East as well that Jensen Huang was able to net in recent weeks. We’ll see how those come to fruition. But all that considered, the world’s most valuable company once again, Nvidia, we’ll see how some jousting plays out over the course of today’s trading session as well.

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