Nvidia Corp. (NASDAQ:NVDA) has been growing rapidly and has now surpassed the market values of the stock markets in Taiwan and India.
Nvidia Tops Taiwan, India
The AI chipmaker boasts a market capitalization of more than $5.2 trillion as of May 22. Taiwan’s benchmark TAIEX index has become the world’s fifth-largest stock market, outpacing India’s National Stock Exchange (NSE).
Taiwan’s benchmark stock index touched 43,000 for the first time in history, raising its market value to $4.95 trillion as of May 25. Taiwan Semiconductor Manufacturing Company (NYSE:TSM), which accounts for more than 40% of the market’s total value, has driven the remarkable surge.
On the other hand, the NSE’s market capitalization stands at $4.92 trillion. The Nifty 50 Index, which tracks the top 50 stocks by market value from 13 sectors of the Indian economy, topped 24,000 on hopes of a U.S.-Iran deal. The 50-stock index has a market value of $2.2 trillion.
Nvidia Market Cap To Soar Further
Several market researchers and analysts predict Nvidia could rise further in the years ahead.
Tech-focused investment firm Altimeter Capital founder and CEO Brad Gerstner said that Nvidia could become the world’s first $10 trillion company, citing that the chipmaker remains undervalued at the current levels.
Harsh Chuhan, an analyst at Motley Fool, expects Nvidia could become the world’s first $15 trillion company by 2029 due to its phenomenal growth potential powered by AI.
Nvidia’s CEO Jensen Huang recently said that the company is focusing on the Central Processing Unit (CPU), which has become essential in AI and is a massive $200 billion industry.
The table describes the year-to-date, one-year and five-year returns of Nvidia, Taiwan stock market index, Nifty 50 and the S&P 500:
| YTD Returns | One-Year Returns | 5-Year Returns | |
| Nvidia | 15.46% | 58.92% | 1225.92% |
| S&P 500 | 9.17% | 26.21% | 77.77% |
| TAIEX | 48.30% | 102.10% | 157.99% |
| Nifty 50 | -8.31% | -4.11% | 55.34% |
Benzinga Edge Stock Rankings indicate that NVDA has a Momentum score in the 83rd percentile with a strong price trend in the short, medium and long term. It also has a solid Growth score in the 99th percentile.
Photo courtesy: Mehaniq on Shutterstock.com
Recent Comments