Nvidia Surpasses Europe’s Largest Stock Markets with Impressive Gains

Nvidia’s shares continued to rise on Thursday, further solidifying its position as the most valuable company in the world, surpassing Microsoft. Its market capitalization has doubled this year and tripled last year, adding a staggering $1 trillion in value in just 23 days. The company’s market value of over $3.4 trillion now exceeds the stock markets of Germany, France, and the United Kingdom.

Analysts from Bank of America Securities anticipate potential near-term volatility as investors may take profits, but they believe the company’s strong fundamentals and attractive valuation will provide long-term support for the stock. With the deployment of AI hardware still in its early stages, Nvidia is expected to benefit from strong demand as it prepares to launch its Next Generation Blackwell System later this year. The company currently trades at a price-to-earnings ratio of about 30 times Bank of America’s bull case, which is in line with other major indices like the S&P 500 and Nasdaq 100.

Despite the rapid rise in stock value, analysts remain optimistic about Nvidia’s future prospects and continued growth potential. In morning trading on Thursday, Nvidia shares rose by 1.5% to $137.58, demonstrating the continued investor confidence in the company and its leadership in the AI chip-making industry.

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