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NVIDIA SHATTERS RECORDS: FIRST COMPANY to Hit $4 TRILLION!
FINALLY, A TRILLIONAIRE! On a monumental Wednesday, Nvidia (NVDA) exploded onto the scene to become the first publicly traded company EVER to reach a phenomenal $4 trillion market cap! Just 24 trading days ago, they were in the $3 trillion club, hanging out with the likes of Apple (AAPL) and Microsoft (MSFT). And now? Theyโre a bonafide titan!
AI EXPLOSION BOOSTS NVIDIA TO NEW HEIGHTS!
Whatโs behind this meteoric rise? Itโs the AI BOOM, folks! Nvidia is the king of semiconductors, churning out the chips and graphics cards coveted by tech giants like Alphabet (GOOGL), Amazon (AMZN), Meta Platforms (META), Microsoft, and Tesla (TSLA). These arenโt just any chips; theyโre the backbone of the AI revolution!
Can you believe it? Five years ago, Nvidia was trading at a measly $10.48. Fast forward to today, and itโs skyrocketed to a jaw-dropping $162.98โan eye-popping gain of 1,455.15% since July 2020! This year alone, NVDA has surged 17.80%, crushing the S&P 500โs lackluster 6.40%!
WALL STREET IS ALL IN: STRONG BUY ALERT!
Despite mind-blowing gains, Wall Street canโt get enough of this AI darling. With a consensus "Strong Buy" rating rolling in from 40 analysts, theyโre practically throwing money at Nvidia! Only one lonely soul out of the lot dares to say โSell.โ Will they regret that?
But donโt forget, the market can be as wild as a rollercoaster! Nvidia saw a dramatic 37% plunge early this year before bouncing back a staggering 72.75%! Even so, the buzz is electric, with analysts predicting a juicy median 12-month price target of $175โthatโs a sweet 7.41% above current trading!
GET IN ON THE ACTION: HOW TO INVEST WITH NVIDIA!
Thinking about jumping on this gravy train? Retail investors are scrambling to get their piece of the pie! A whopping 65% of Nvidiaโs shares are under institutional ownership. Vanguard, BlackRock, and Fidelity are just two of the heavy hitters holding billions of sharesโcan you smell the opportunity?
But wait! If youโre looking for a safer bet, consider the weighted index funds. Emerging as the biggest player in the S&P 500, Nvidia is a heavyweight in low-risk exchange-traded funds (ETFs). The gigantic Vanguard S&P 500 ETF (VOO), which boasts $688 billion in assets, has a 6.60% stake in NVDA. The SPDR S&P 500 ETF (SPY), worth $637 billion, has even more, with a 7.40% stake!
Tech-centric ETFs let you dive into Nvidia without even needing to own shares directly. The Invesco NASDAQ 100 ETF (QQQM) has a whopping 9.25% devoted to this tech titan. And listen up: these ETFs often dish out dividends that dwarf Nvidiaโs paltry 0.02% yieldโtalk about a win-win!
So, what are you waiting for? The clock is ticking in the race to seize your slice of this tech triumph!
photo credit: money.com
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