It’s no surprise Nvidia has become the world’s most valuable company, but it’s 43 per cent surge in just a month suggests emotion is driving the stock – and the broader market.
That artificial intelligence chipmaker Nvidia could ascend to become the most valuable company in the world, topping one of its key customers Microsoft with a market capitalisation of $US3.34 trillion ($4.5 trillion), is not necessarily a great surprise.
That it could do so after its share price surged 43 per cent in a month? Now, that’s truly shocking.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
