Dear Readers,
At the time of writing this article, The global crypto market cap is valued at $2.37 Trillion with a 0.39% increase from yesterday!
With the time of almost blood bath that is being witnessed in the crypto market, have you watched the recent growth of NVIDIA?
We all know that Microsoft was the most valuable company in the world.
But recently NVIDIA has bagged the Most Valuable company and grabbed the first place by setting aside Microsoft.
Since 2023, Nvidia stock has been recording phenomenal growth. The reason for this is that NVIDIA is developing chips and software for AI technology. So far in 2024 alone, Nvidia's stock price has risen more than 173 percent and it has witnessed a whooping 209% in the past 1 year.
At present NVIDIA Corp is trading at $135.58 in Nasdaq.
Over the past few months, NVIDIA stock price has steadily climbed the ranks of the world's most valuable companies.
In the nine months to last February, NVIDIA witnessed its market capitalization doubled from $1 trillion to $2 trillion.
NVIDIA stock split as 1:10 by last week.
As a result, Nvidia shares have become cheaper buy. A
As a result, NVIDIA's stock price rose further.
It also boosted the US stock market indices S&P 500 and Nasdaq have hit All Time Highs.
NVIDIAs share price surged to $3.335 trillion. With this, NVIDIA has become the most valuable company in the world.
Microsoft, which was ranked first so far, has been stepped back to second place.
Apple Inc is in third place now.
Not only has it become the world's most valuable company, NVIDIA also holds the record for being the most traded stock on the US stock market every day. What's more, Nvidia stock trades for an average of $50 billion daily.
With this, we could understand a strong message that the crypto projects around this AI sector has a very good potential to grow in the future too..
All the enthusiasm for NVIDIA and the crypto market is contagious! It's impressive to see the growth and potential in the AI sector. The future looks bright for both AI technology and crypto projects.
When the bull market starts in Crypto, it is widely expected that there would be a phenomenal rally in the ALT coins.
We can expect the AI based crypto token would also outperform.
Check out the AI Based coins at https://coinmarketcap.com/view/generative-ai/
Keep riding that excitement wave! 🚀🎨
