Nvidia surpasses Saudi Aramco to become the world’s third most valuable company
- Nvidia stock is the best performing stock in the S&P 500 in 2024
- Nvidia surpassed Saudi Aramco to become the world’s third most valuable company
- Nvidia is closing in on Apple’s market value
- Apple’s market value dipped to $2.61 trillion
- Nvidia’s market capitalization is $2.22 trillion
- The gap between Nvidia and Apple is just under $400 billion
- Apple’s shares have fallen 12% this year, while Nvidia’s shares have increased by 79%
- Nvidia’s shares have climbed for five consecutive days, up 14% in that period
- Two Nvidia directors sold about $180 million in shares recently
Nvidia stock continues to rise and is now closing in on Apple’s market value. It is the best performing stock in the S&P 500 in 2024, surpassing Saudi Aramco to become the world’s third most valuable company. Nvidia’s market capitalization is $2.22 trillion, while Apple’s market value dipped to $2.61 trillion. The gap between the two companies is just under $400 billion, the closest they have ever been. Apple’s shares have fallen 12% this year, while Nvidia’s shares have increased by 79%. Nvidia’s shares have climbed for five consecutive days, up 14% in that period. In addition, two Nvidia directors recently sold about $180 million in shares, taking advantage of the company’s rally.
Factuality Level: 3
Factuality Justification: The article provides factual information about the performance of Nvidia and Apple stocks in the stock market. However, it lacks depth and context, focusing mainly on stock prices and market capitalization without delving into the reasons behind the stock movements or providing a broader analysis of the market dynamics. The article also contains some unnecessary details and repetitions, which reduce its overall factuality level.
Noise Level: 2
Noise Justification: The article provides relevant information about the performance of Nvidia stock and its comparison with Apple. It includes data on market capitalization, stock prices, and performance over time. The article stays on topic and supports its claims with evidence and examples. However, it lacks in-depth analysis, accountability, and actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The article discusses the performance of Nvidia stock, which is a financial topic that pertains to the stock market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article focuses on the financial performance of Nvidia stock and does not mention any extreme events or their impacts.
Public Companies: Nvidia (NVDA), Apple (AAPL), Saudi Aramco (Not Applicable), Intel (INTC), Micron Technology (MU), Advanced Micro Devices (AMD)
Key People: Tenche Coxe (Board Member since 1993), Mark Stevens (Director since 2008)
Reported publicly:
www.marketwatch.com 
