Nvidia is now worth $1.7 trillion -- make that $1.82 trillion...
Jackpot baby! Artificial intelligence has proven incredibly fruitful for Nvidia and its shareholders over the past year, and could even help the chipmaker surpass Amazon in terms of total market capitalization. Closing at over $720 today, that's an increase of more than 20% year over year and nearly 50% since the beginning of 2024.
The big picture: Microsoft's market value has gone up more than 10 times since Satya Nadella took charge of the company in 2014, replacing its former CEO, Steve Ballmer. During that same time, the broader S&P 500 only grew 185 percent, making Microsoft one of the best-performing large-cap stocks in the country over the past decade.
The big picture: The world has gone mad for AI. Setting aside what the latest AI models are actually good for, it is not surprising that investors are looking for stocks with "AI exposure." Unfortunately, this turns out to be a fairly short list at the moment, and at the top of that list is Nvidia.