Outpacing 96% of S&P 500 Companies

  • Nvidia Corp. added $1.827 trillion in market capitalization in the first half of 2024
  • Only four U.S. companies have greater valuations than Nvidia’s
  • Nvidia’s Q2 market-cap gains rank second in the S&P 500 with a 150% gain
  • Super Micro Computer Inc. and First Solar Inc. outperformed Nvidia on year-to-date and quarter-to-date basis

Nvidia Corp.’s market cap growth has been nothing short of remarkable, adding $1.827 trillion in the first half of 2024. Only Microsoft, Apple, Alphabet, Amazon, and a few others have greater valuations. The company’s Q2 market-cap gains rank second in the S&P 500 with a 150% increase. However, Super Micro Computer Inc. and First Solar Inc. performed better on year-to-date and quarter-to-date basis.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Nvidia’s market capitalization growth and its ranking among U.S. companies. It also includes relevant comparisons with other companies and mentions the performance of related stocks. However, it lacks a clear conclusion or analysis on whether Nvidia can sustain its rally.
Noise Level: 6
Noise Justification: The article provides some relevant information about Nvidia’s market capitalization growth and its ranking among U.S. companies but lacks in-depth analysis or context on the reasons behind this growth and potential future implications. It also includes a brief mention of other stocks without exploring their relationship to Nvidia’s performance.
Public Companies: Nvidia Corp. (NVDA), Microsoft Corp. (MSFT), Apple Inc. (AAPL), Alphabet Inc. (GOOG), Amazon.com Inc. (AMZN), Meta Platforms Inc. (META), Berkshire Hathaway Inc. (BRK.A), Eli Lilly & Co. (LLY), Super Micro Computer Inc. (SMCI), First Solar Inc. (FSLR), Palo Alto Networks Inc. (PANW), Salesforce Inc. (CRM), Adobe Inc. (ADBE)
Key People: Jordan Klein (Mizuho desk-based analyst)

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Financial Relevance: Yes
Financial Markets Impacted: Nvidia Corp., Microsoft Corp., Apple Inc., Alphabet Inc., Amazon.com Inc., Meta Platforms Inc., Berkshire Hathaway Inc., Eli Lilly & Co., Palo Alto Networks Inc., Salesforce Inc., Adobe Inc.
Financial Rating Justification: The article discusses Nvidia’s impressive market capitalization growth and its impact on financial markets, as well as the company’s ranking in comparison to other U.S. companies and its relation to software stocks.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article.

Reported publicly: www.marketwatch.com